Lions Gate Entertainment (LGF-A) 10-K 26 May 22 2022 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Mar. 31, 2022	May 20, 2022	Sep. 30, 2021
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	1-14880
Entity Registrant Name	LIONS GATE ENTERTAINMENT CORP /CN/
Entity Incorporation, State or Country Code	A1
Entity Address, Address Line One	250 Howe Street,
Entity Address, Address Line Two	20th Floor
Entity Address, City or Town	Vancouver,
Entity Address, State or Province	BC
Entity Address, Postal Zip Code	V6C 3R8
City Area Code	877
Local Phone Number	848-3866
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 2,474,675,945
Documents Incorporated by Reference	Portions of the Registrant’s definitive proxy statement relating to its 2022 annual meeting of shareholders (the “ 2022 Proxy Statement”) are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. The 2022 Proxy Statement will be filed with the U.S. Securities and Exchange Commission (the "SEC") within 120 days after the end of the fiscal year to which this report relates. Portions of the Registrant's Annual Report on Form 10-K for Fiscal 2021, filed with the SEC on May 28, 2021, are incorporated by reference into Part II of this Annual Report on Form 10-K.
Entity Central Index Key	0000929351
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--03-31
Class A Voting Common Shares, no par value per share
Document Information [Line Items]
Title of 12(b) Security	Class A Voting Common Shares, no par value per share
Trading Symbol	LGF.A
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		83,272,113
Class B Non-Voting Common Shares, no par value per share
Document Information [Line Items]
Title of 12(b) Security	Class B Non-Voting Common Shares, no par value per share
Trading Symbol	LGF.B
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		142,462,033
Other Address
Document Information [Line Items]
Entity Address, Address Line One	2700 Colorado Avenue
Entity Address, City or Town	Santa Monica,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90404

Audit Information

Audit Information	12 Months Ended
	Mar. 31, 2022
Audit Information [Abstract]
Auditor Location	Los Angeles, California
Auditor Name	Ernst & Young, LLP
Auditor Firm ID	42

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
ASSETS
Cash and cash equivalents	$ 371.2	$ 528.7
Accounts receivable, net	442.2	383.7
Other current assets	244.7	274.3
Total current assets	1,058.1	1,186.7
Investment in films and television programs and program rights, net	3,013.6	2,222.7
Property and equipment, net	81.2	91.1
Investments	56	31.9
Intangible assets	1,440.2	1,575.1
Goodwill	2,764.5	2,764.5
Other assets	577.6	434.2
Total assets	8,991.2	8,306.2
LIABILITIES
Accounts payable and accrued liabilities	585.8	545.4
Participations and residuals	468.5	508.8
Film related and other obligations	951.1	385
Debt - short term portion	222.8	88
Deferred revenue	174.9	165.7
Total current liabilities	2,403.1	1,692.9
Debt	2,202.1	2,542.9
Participations and residuals	265.1	304.6
Film related and other obligations	729	318.5
Other liabilities	298.7	337.1
Deferred revenue	49.8	56.2
Deferred tax liabilities	38.8	40.3
Redeemable noncontrolling interest	321.2	219.1
Commitments and contingencies (Note 17)
EQUITY
Accumulated deficit	(369.7)	(82.9)
Accumulated other comprehensive income (loss)	29.3	(83.3)
Total Lions Gate Entertainment Corp. shareholders' equity	2,681.6	2,793
Noncontrolling interests	1.8	1.6
Total equity	2,683.4	2,794.6
Total liabilities and equity	8,991.2	8,306.2
Class A Voting Common Shares
EQUITY
Common shares	668.2	663.2
Class B Non-Voting Common Shares
EQUITY
Common shares	$ 2,353.8	$ 2,296

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions	Mar. 31, 2022	Mar. 31, 2021
Class A Voting Common Shares
Common shares, no par value	$ 0	$ 0
Authorized common shares	500	500
Common shares, shares issued	83.3	83
Class B Non-Voting Common Shares
Common shares, no par value	$ 0	$ 0
Authorized common shares	500	500
Common shares, shares issued	142	138.2

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Revenues	$ 3,604.3	$ 3,271.5	$ 3,890
Expenses:
Direct operating	2,064.2	1,725.9	2,226.1
Distribution and marketing	861	719.3	1,008.7
General and administration	475.4	486.6	430.4
Depreciation and amortization	177.9	188.5	197.7
Restructuring and other	16.8	24.7	24.3
Gain on sale of Pantaya	0	(44.1)	0
Total expenses	3,595.3	3,100.9	3,887.2
Operating income	9	170.6	2.8
Interest expense	(176)	(181.5)	(191.3)
Interest and other income	30.8	5.8	8.8
Other expense	(10.9)	(6.7)	(11.1)
Gain (loss) on extinguishment of debt	(28.2)	0	5.4
Gain (loss) on investments	1.3	0.5	(0.5)
Equity interests loss	(3)	(6.1)	(17.2)
Loss before income taxes	(177)	(17.4)	(203.1)
Income tax provision	(28.4)	(17.1)	(3.3)
Net loss	(205.4)	(34.5)	(206.4)
Less: Net loss attributable to noncontrolling interests	17.2	15.6	18
Net loss attributable to Lions Gate Entertainment Corp. shareholders	$ (188.2)	$ (18.9)	$ (188.4)
Per share information attributable to Lions Gate Entertainment Corp. shareholders:
Basic net loss per common share (in usd per share)	$ (0.84)	$ (0.09)	$ (0.86)
Diluted net loss per common share (in usd per share)	$ (0.84)	$ (0.09)	$ (0.86)
Weighted average number of common shares outstanding:
Basic (in shares)	224.1	220.5	217.9
Diluted (in shares)	224.1	220.5	217.9

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net loss	$ (205.4)	$ (34.5)	$ (206.4)
Foreign currency translation adjustments, net of tax	(4.6)	3.7	(0.6)
Net unrealized gain (loss) on cash flow hedges, net of tax	117.2	119	(125.1)
Comprehensive income (loss)	(92.8)	88.2	(332.1)
Less: Comprehensive loss attributable to noncontrolling interest	17.2	15.6	18
Comprehensive income (loss) attributable to Lions Gate Entertainment Corp. shareholders	$ (75.6)	$ 103.8	$ (314.1)

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) shares in Millions, $ in Millions	Total	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income (Loss)	Total LGEC Shareholders' Equity	Noncontrolling Interests		Class A Voting Common Shares	Class A Voting Common SharesCommon Shares	Class B Non-Voting Common SharesCommon Shares
Beginning balance, shares at Mar. 31, 2019								82.5	133.5
Beginning balance at Mar. 31, 2019	$ 2,921.9	$ 208.7	$ (80.3)	$ 2,918.7	$ 3.2	[1]		$ 649.7	$ 2,140.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options, shares								0	0.2
Exercise of stock options	1.7			1.7				$ 0	$ 1.7
Share-based compensation, net, shares								0.3	0.6
Share-based compensation, net	47.5			47.5				$ 4.8	$ 42.7
Issuance of common shares related to acquisitions and other, shares								0.9	2.1
Issuance of common shares related to acquisitions and other	45.2			45.2				$ 8.5	$ 36.7
Repurchase of common shares, no par value, shares							(0.7)	(0.7)	0
Repurchase of common shares, no par value	(3.8)			(3.8)			$ (3.8)	$ (3.8)	$ 0
Noncontrolling interests	(1.4)				(1.4)	[1]
Net income (loss)	(188.2)	(188.4)		(188.4)	0.2	[1]
Other comprehensive income (loss)	(125.7)		(125.7)	(125.7)
Redeemable noncontrolling interests adjustments to redemption value	(37.2)	(37.2)		(37.2)
Ending balance, shares at Mar. 31, 2020								83	136.4
Ending balance at Mar. 31, 2020	2,660	(16.9)	(206)	2,658	2	[1]		$ 659.2	$ 2,221.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options, shares								0	0.2
Exercise of stock options	1.4			1.4				$ 0.1	$ 1.3
Share-based compensation, net, shares								0.2	1.6
Share-based compensation, net	77.5			77.5				$ 4.7	$ 72.8
Issuance of common shares related to acquisitions and other, shares								0	0
Issuance of common shares related to acquisitions and other	0.4			0.4				$ 0.2	$ 0.2
Repurchase of common shares, no par value, shares							(0.2)	(0.2)	0
Repurchase of common shares, no par value	(1)			(1)			$ (1)	$ (1)	$ 0
Noncontrolling interests	(0.6)				(0.6)	[1]
Net income (loss)	(18.7)	(18.9)		(18.9)	0.2	[1]
Other comprehensive income (loss)	122.7		122.7	122.7
Redeemable noncontrolling interests adjustments to redemption value	(47.1)	(47.1)		(47.1)
Ending balance, shares at Mar. 31, 2021								83	138.2
Ending balance at Mar. 31, 2021	2,794.6	(82.9)	(83.3)	2,793	1.6	[1]		$ 663.2	$ 2,296
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options, shares								0	0.3
Exercise of stock options	4.2			4.2				$ 0.5	$ 3.7
Share-based compensation, net, shares								0.3	3.5
Share-based compensation, net	58.2			58.2				$ 4.3	$ 53.9
Issuance of common shares related to acquisitions and other, shares								0	0
Issuance of common shares related to acquisitions and other	0.4			0.4				$ 0.2	$ 0.2
Noncontrolling interests	(0.3)				(0.3)
Net income (loss)	(187.7)	(188.2)		(188.2)	0.5
Other comprehensive income (loss)	112.6		112.6	112.6
Redeemable noncontrolling interests adjustments to redemption value	(98.6)	(98.6)		(98.6)
Ending balance, shares at Mar. 31, 2022								83.3	142
Ending balance at Mar. 31, 2022	$ 2,683.4	$ (369.7)	$ 29.3	$ 2,681.6	$ 1.8	[1]		$ 668.2	$ 2,353.8
[1]	Excludes redeemable noncontrolling interests, which are reflected in temporary equity (see Note 11 ).

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Operating Activities:
Net loss	$ (205.4)	$ (34.5)	$ (206.4)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	177.9	188.5	197.7
Amortization of films and television programs and program rights	1,567.7	1,189.8	1,706.7
Amortization of debt financing costs and other non-cash interest	50.5	44.8	14.9
Non-cash share-based compensation	100	89	50.5
Other amortization	92.5	73.2	68.5
Gain on sale of Pantaya	0	(44.1)	0
Loss (gain) on extinguishment of debt	28.2	0	(5.4)
Equity interests loss	3	6.1	17.2
(Gain) loss on investments	(1.3)	(0.5)	0.5
Deferred income taxes	(1.7)	3.4	(0.9)
Changes in operating assets and liabilities:
Accounts receivable, net and other assets	(256.9)	133.9	397.5
Investment in films and television programs and program rights, net	(2,211.7)	(1,616.7)	(1,545.3)
Accounts payable and accrued liabilities	1.4	32.7	(31.8)
Participations and residuals	(71.3)	(49.1)	(24.5)
Program rights and other film obligations	64.9	(64.9)	6.8
Deferred revenue	1.3	47.9	(31.4)
Net Cash Flows Provided By (Used In) Operating Activities	(660.9)	(0.5)	614.6
Investing Activities:
Proceeds from the sale of Pantaya	123.6	0	0
Proceeds from the sale of other investments	1.5	4.1	0
Investment in equity method investees and other	(14)	(0.2)	(20.6)
Distributions from equity method investees	7.2	0	0
Acquisition of assets (film library and related assets)	(161.4)	0	0
Increase in loans receivable	(4.3)	0	0
Capital expenditures	(33.1)	(35)	(31.1)
Net Cash Flows Used In Investing Activities	(80.5)	(31.1)	(51.7)
Financing Activities:
Debt - borrowings, net of debt issuance and redemption costs	2,448.4	200	852.1
Debt - repurchases and repayments	(2,693.9)	(267.6)	(1,033.4)
Production and related loans - borrowings, net of debt issuance costs	1,043.2	392.5	59
Production and related loans - repayments	(256.1)	(53)	(293.8)
IP Credit Facility and other financing advances, net of debt issuance costs	210.2	0	0
IP Credit Facility and other financing repayments	(91.5)	0	0
Interest rate swap settlement payments	(28.5)	(22.3)	0
Repurchase of common shares	0	(2.2)	(2.6)
Distributions to noncontrolling interest	(1.5)	(3.4)	(5.7)
Exercise of stock options	4.2	1.6	1.7
Tax withholding required on equity awards	(35.1)	(7.7)	(3.4)
Net Cash Flows Provided By (Used In) Financing Activities	599.4	237.9	(426.1)
Net Change In Cash, Cash Equivalents and Restricted Cash	(142)	206.3	136.8
Foreign Exchange Effects on Cash, Cash Equivalents and Restricted Cash	(2.1)	4.2	(2.9)
Cash, Cash Equivalents and Restricted Cash - Beginning Of Period	528.7	318.2	184.3
Cash, Cash Equivalents and Restricted Cash - End Of Period	$ 384.6	$ 528.7	$ 318.2

Description of Business, Basis

Description of Business, Basis of Presentation and Significant Accounting Policies	12 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business, Basis of Presentation and Significant Accounting Policies	Description of Business, Basis of Presentation and Significant Accounting Policies Description of Business Lionsgate Entertainment Corp. (the “Company,” “Lionsgate,” "Lions Gate," “we,” “us” or “our”) encompasses world-class motion picture and television studio operations aligned with the STARZ premium global subscription platform to bring a unique and varied portfolio of entertainment to consumers around the world. The Company’s film, television, subscription and location-based entertainment businesses are backed by a 17,000-title library and a valuable collection of iconic film and television franchises. Basis of Presentation Generally Accepted Accounting Principles These consolidated financial statements have been prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”). Principles of Consolidation The accompanying consolidated financial statements of the Company include the accounts of Lionsgate and its majority-owned and controlled subsidiaries. The Company reviews its relationships with other entities to identify whether it is the primary beneficiary of a variable interest entity (“VIE”). If the determination is made that the Company is the primary beneficiary, then the entity is consolidated. All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions, including the potential impacts arising from the COVID-19 global pandemic and Russia's invasion of Ukraine, that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The most significant estimates made by management in the preparation of the financial statements relate to ultimate revenue and costs used for the amortization of investment in films and television programs; estimates of future viewership used for the amortization of licensed program rights; estimates of sales returns; estimates related to the revenue recognition of sales or usage-based royalties; fair value of equity-based compensation; fair value of assets and liabilities for allocation of the purchase price of companies acquired; income taxes including the assessment of valuation allowances for deferred tax assets; accruals for contingent liabilities; and impairment assessments for investment in films and television programs and licensed program rights, property and equipment, equity investments, goodwill and intangible assets. Actual results could differ from such estimates. Reclassifications Certain amounts presented in prior years have been reclassified to conform to the current year’s presentation. Significant Accounting Policies Revenue Recognition The Company's Motion Picture and Television Production segments generate revenue principally from the licensing of content in domestic theatrical exhibition, home entertainment (e.g., digital media and packaged media), television, and international market places. The Company's Media Networks segment generates revenue primarily from the distribution of the Company's STARZ branded premium subscription video services, and through March 31, 2021, from the Company's formerly majority owned premium Spanish language streaming services business, Pantaya. The Company sold its interest in Pantaya on March 31, 2021, see Note 2 for further information. Revenue is recognized upon transfer of control of promised services or goods to customers in an amount that reflects the consideration the Company expects to receive in exchange for those services or goods. Revenues do not include taxes collected from customers on behalf of taxing authorities such as sales tax and value-added tax. In the ordinary course of business, the Company's reportable segments enter into transactions with one another. The most common types of intersegment transactions include licensing motion pictures or television programming (including Starz original productions) from the Motion Picture and Television Production segments to the Media Networks segment. While intersegment transactions are treated like third-party transactions to determine segment performance, the revenues (and corresponding expenses, assets, or liabilities recognized by the segment that is the counterparty to the transaction) are eliminated in consolidation and, therefore, do not affect consolidated results. Licensing Arrangements. The Company's content licensing arrangements include fixed fee and minimum guarantee arrangements, and sales or usage based royalties. Fixed Fee or Minimum Guarantees: The Company's fixed fee or minimum guarantee licensing arrangements may, in some cases, include multiple titles, multiple license periods (windows) with a substantive period in between the windows, rights to exploitation in different media, or rights to exploitation in multiple territories, which may be considered distinct performance obligations. When these performance obligations are considered distinct, the fixed fee or minimum guarantee in the arrangement is allocated to the title, window, media right or territory as applicable, based on estimates of relative standalone selling prices. The amounts related to each performance obligation (i.e., title, window, media or territory) are recognized when the content has been delivered, and the window for the exploitation right in that territory has begun, which is the point in time at which the customer is able to begin to use and benefit from the content. Sales or Usage Based Royalties: Sales or usage based royalties represent amounts due to the Company based on the “sale” or “usage” of the Company's content by the customer, and revenues are recognized at the later of when the subsequent sale or usage occurs, or the performance obligation to which some or all the sales or usage-based royalty has been allocated and has been satisfied (or partially satisfied). Generally, when the Company licenses completed content (with standalone functionality, such as a movie, or television show) its performance obligation will be satisfied prior to the sale or usage. When the Company licenses intellectual property that does not have stand-alone functionality (e.g., brands, themes, logos, etc.), its performance obligation is generally satisfied in the same period as the sale or usage. The actual amounts due to the Company under these arrangements are generally not reported to the Company until after the close of the reporting period. The Company records revenue under these arrangements for the amounts due and not yet reported to the Company based on estimates of the sales or usage of these customers and pursuant to the terms of the contracts. Such estimates are based on information from the Company's customers, historical experience with similar titles in that market or territory, the performance of the title in other markets, and/or data available in the industry. Revenues by Market or Product Line. The following describes the revenues generated by market or product line. Theatrical revenues are included in the Motion Picture segment; home entertainment, television, international and other revenues are applicable to both the Motion Picture and Television Production segments; Media Networks programming revenues are included in the Media Networks segment. • Theatrical. Theatrical revenues are derived from the domestic theatrical release of motion pictures licensed to theatrical exhibitors on a picture-by-picture basis (distributed by the Company directly in the United States and through a sub-distributor in Canada). Revenue from the theatrical release of feature films are treated as sales or usage- based royalties, are recognized as revenue starting at the exhibition date and are based on the Company's participation in box office receipts of the theatrical exhibitor . • Home Entertainment. Home entertainment consists of Digital Media and Packaged Media. ◦ Digital Media. Digital media includes digital transaction revenue sharing arrangements (pay-per-view and video-on-demand platforms, electronic sell through ("EST"), and digital rental) and licenses of content to digital platforms for a fixed fee. Digital Transaction Revenue Sharing Arrangements: Primarily represents revenue sharing arrangements with certain digital media platforms which generally provide that, in exchange for a nominal or no upfront sales price, the Company shares in the rental or sales revenues generated by the platform on a title-by-title basis. These digital media platforms generate revenue from rental and EST arrangements, such as download-to-own, download-to-rent, and video-on-demand. These revenue sharing arrangements are recognized as sales or usage based royalties based on the performance of these platforms and pursuant to the terms of the contract, as discussed above. Licenses of Content to Digital Platforms: Primarily represents the licensing of content to subscription-video-on-demand ("SVOD") or other digital platforms for a fixed fee. As discussed above, revenues are recognized when the content has been delivered and the window for the exploitation right in that territory has begun. ◦ Packaged Media. Packaged media revenues represent the sale of motion pictures and television shows (produced or acquired) on physical discs (DVD’s, Blu-ray, 4K Ultra HD, referred to as "Packaged Media") in the retail market. Revenues are recognized, net of an allowance for estimated returns and other allowances, on the later of receipt by the customer or “street date” (when it is available for sale by the customer). • Television . Television revenues are derived from the licensing to domestic markets (linear pay, basic cable, free television markets, syndication) of motion pictures (including theatrical productions and acquired films) and scripted and unscripted television series, television movies, mini-series, and non-fiction programming. Television revenues include fixed fee arrangements as well as arrangements in which the Company earns advertising revenue from the exploitation of certain content on television networks. Television also includes revenue from licenses to SVOD platforms in which the initial license of a television series is to an SVOD platform or the traditional pay window for a motion picture is licensed to an SVOD platform. Revenues associated with a title, right, or window from television licensing arrangements are recognized when the feature film or television program is delivered (on an episodic basis for television product) and the window for the exploitation right has begun. • International. International revenues are derived from (1) licensing of the Company's productions, acquired films, catalog product and libraries of acquired titles to international distributors, on a territory-by-territory basis; (2) the direct distribution of our productions, acquired films, and our catalog product and libraries of acquired titles in the United Kingdom; and (3) licensing to international markets of scripted and unscripted series, television movies, mini-series and non-fiction programming. License fees and minimum guarantee amounts associated with title, window, media or territory, are recognized when access to the feature film or television program has been granted or delivery has occurred, as required under the contract, and the right to exploit the feature film or television program in that window, media or territory has commenced. Revenues are also generated from sales or usage based royalties received from international distributors based on their distribution performance pursuant to the terms of the contracts after the recoupment of certain costs in some cases, and the initial minimum guarantee, if any, and are recognized when the sale by our customer generating a royalty due to us has occurred. • Other. Other revenues are derived from the licensing of the Company's film and television and related content (games, music, location-based entertainment royalties, etc.) to other ancillary markets and from commissions and executive producer fees earned related to talent management. Revenues from the licensing of film and television content and the sales and licensing of music are recognized when the content has been delivered and the license period has begun, as discussed above. Revenues from the licensing of symbolic intellectual property (i.e., licenses of motion pictures or television characters, brands, storylines, themes or logos) is recognized over the corresponding license term. Commissions are recognized as such services are provided. • Media Networks - Programming Revenues. Media Networks’ revenues are primarily derived from the distribution of the Company's STARZ branded premium subscription video services through over-the-top ("OTT") platforms and U.S. multichannel video programming distributors (“MVPDs”), including cable operators, satellite television providers and telecommunications companies (collectively, “Distributors”) and on a direct-to-consumer basis through the Starz App. Media Networks revenues also include international revenues primarily from the OTT distribution of the Company's STARZ branded premium subscription video services outside the United States. Through March 31, 2021, Media Networks' revenues also included revenues from the Company's formerly majority owned premium Spanish language streaming services business, Pantaya. The Company sold its interest in Pantaya on March 31, 2021, see Note 2 for further information. Pursuant to the Company’s distribution agreements, revenues may be based on a fixed fee, subject to nominal annual escalations, or a variable fee (i.e., a fee based on number of subscribers who receive the Company's networks or other factors). Programming revenue is recognized over the contract term based on the continuous delivery of the content to the distributor. The variable distribution fee arrangements represent sales or usage based royalties and are recognized over the period of such sales or usage by the Company's distributor, which is the same period that the content is provided to the distributor. Deferred Revenue. Deferred revenue relates primarily to customer cash advances or deposits received prior to when the Company satisfies the corresponding performance obligation. Payment terms vary by location and type of customer and the nature of the licensing arrangement, however, other than certain multi-year license arrangements; payments are generally due within 60 days after revenue is recognized. For certain multi-year licensing arrangements, primarily in the television, digital media, and international markets, payments may be due over a longer period. When we expect the period between fulfillment of our performance obligation and the receipt of payment to be greater than a year, a significant financing component is present. In these cases, such payments are discounted to present value based on a discount rate reflective of a separate financing transaction between the customer and the Company, at contract inception. The significant financing component is recorded as a reduction to revenue and accounts receivable initially, with such accounts receivable discount amortized to interest income over the period to receipt of payment. The Company does not assess contracts with deferred payments for significant financing components if, at contract inception, we expect the period between fulfillment of the performance obligation and subsequent payment to be one year or less. In other cases, customer payments are made in advance of when the Company fulfills its performance obligation and recognizes revenue. This primarily occurs under television production contracts, in which payments may be received as the production progresses, international motion picture contracts, where a portion of the payments are received prior to the completion of the movie and prior to license rights start dates, and pay television contracts with multiple windows with a portion of the revenues deferred until the subsequent exploitation windows commence. These arrangements do not contain significant financing components because the reason for the payment structure is not for the provision of financing to the Company, but rather to mitigate the Company's risk of customer non-performance and incentivize the customer to exploit the Company's content. See Note 12 for further information. Cash and Cash Equivalents Cash and cash equivalents consist of cash deposits at financial institutions and investments in money market mutual funds. Restricted Cash At March 31, 2022, we had restricted cash of $13.4 million, representing amounts related to required cash reserves for interest payments associated with the Production Tax Credit Facility and IP Credit Facility (no material amounts at March 31, 2021). Restricted cash is included within “other current assets” on the consolidated balance sheet (see Note 19). Investment in Films and Television Programs and Licensed Program Rights Investment in Films and Television Programs: General. Investment in films and television programs includes the unamortized costs of films and television programs, a portion of which are monetized individually (i.e., through domestic theatrical, home entertainment, television, international or other ancillary-market distribution), and a portion of which are monetized as part of a film group (i.e., primarily content internally produced by our Television Production segment for our Media Networks segment). Recording Cost. Costs of acquiring and producing films and television programs and of acquired libraries are capitalized when incurred. For films and television programs produced by the Company, capitalized costs include all direct production and financing costs, capitalized interest and production overhead. For the years ended March 31, 2022, 2021, and 2020, total capitalized interest was $12.8 million, $2.8 million, and $3.8 million, respectively. For acquired films and television programs, capitalized costs consist of minimum guarantee payments to acquire the distribution rights. Amortization. Costs of acquiring and producing films and television programs and of acquired libraries that are monetized individually are amortized using the individual-film-forecast method, whereby these costs are amortized and participations and residuals costs are accrued in the proportion that current year’s revenue bears to management’s estimate of ultimate revenue at the beginning of the current year expected to be recognized from the exploitation, exhibition or sale of the films or television programs. For investment in films and television programs monetized as a group, see further discussion below under Licensed Program Rights for a description of amortization of costs monetized as a group. Ultimate Revenue. Ultimate revenue includes estimates over a period not to exceed ten years following the date of initial release of the motion picture. For an episodic television series, the period over which ultimate revenues are estimated cannot exceed ten years following the date of delivery of the first episode, or, if still in production, five years from the date of delivery of the most recent episode, if later. For titles included in acquired libraries, ultimate revenue includes estimates over a period not to exceed twenty years following the date of acquisition. Development. Films and television programs in development include costs of acquiring film rights to books, stage plays or original screenplays and costs to adapt such projects. Such costs are capitalized and, upon commencement of production, are transferred to production costs. Projects in development are written off at the earlier of the date they are determined not to be recoverable or when abandoned, or three years from the date of the initial investment unless the fair value of the project exceeds its carrying cost. Licensed Program Rights: General. Licensed program rights include content licensed from third parties that is monetized as part of a film group for distribution on Media Networks distribution platforms. Licensed content is comprised of films or series that have been previously produced by third parties and the Company retains specified airing rights over a contractual term. Program licenses typically have fixed terms and require payments during the term of the license. Recording Cost. The cost of licensed content is capitalized when the cost is known or reasonably determinable, the license period for programs has commenced, the program materials have been accepted by the Company in accordance with the license agreements, and the programs are available for the first showing. Licensed programming rights may include rights to more than one exploitation window under the Company's output and library agreements. For films with multiple windows, the license fee is allocated between the windows based upon the proportionate estimated fair value of each window which generally results in the majority of the cost allocated to the first window on newer releases. Certain license agreements and productions may include additional ancillary rights in addition to the pay television rights. The cost of the Media Networks’ third-party licensed content and produced content is allocated between the pay television market distributed by the Media Networks’ segment and the ancillary revenue markets (e.g., home video, digital platforms, international television, etc.) distributed by the Television Production segment based on the estimated relative fair values of these markets. Our estimates of fair value for the pay television and ancillary markets and windows of exploitation involve uncertainty and management judgment. Amortization. The cost of program rights for films and television programs (including original series) exhibited by the Media Networks segment are generally amortized on an accelerated or straight-line basis based on the anticipated number of exhibitions or expected and historical viewership patterns or the license period on a title-by-title or episode-by-episode basis. The number of exhibitions is estimated based on the number of exhibitions allowed in the agreement (if specified) and the expected usage of the content. Participations and residuals are expensed in line with the amortization of production costs. Changes in management’s estimate of the anticipated exhibitions and viewership patterns of films and original series on our networks could result in the earlier recognition of our programming costs than anticipated. Conversely, scheduled exhibitions and expected viewership patterns may not capture the appropriate usage of the program rights in current periods which would lead to the write-off of additional program rights in future periods and may have a significant impact on our future results of operations and our financial position. Impairment Assessment for Investment in Films and Television Programs and Licensed Program Rights: General. A film group or individual film or television program is evaluated for impairment when an event or change in circumstances indicates that the fair value of an individual film or film group is less than its unamortized cost. A film group represents the unit of account for impairment testing for a film or license agreement for program material when the film or license agreement is expected to be predominantly monetized with other films and/or license agreements instead of being predominantly monetized on its own. A film group is defined as the lowest level at which identifiable cash flows are largely independent of the cash flows of other films and/or license agreements. Content Monetized Individually. For content that is predominantly monetized individually (primarily investment in film and television programs related to the Motion Picture and Television Production segments), whenever events or changes in circumstances indicate that the fair value of the individual film may be less than its unamortized costs, the unamortized costs of the individual film are compared to the estimated fair value of the individual film. The fair value is determined based on a discounted cash flow analysis of the cash flows directly attributable to the title. To the extent the unamortized costs exceed the fair value, an impairment charge is recorded for the excess. Content Monetized as a Group. For content that is predominantly monetized as a group (primarily licensed program rights in the Media Networks segment and internally produced programming, as discussed above), whenever events or changes in circumstances indicate that the fair value of the film group may be less than its unamortized costs, the aggregate unamortized costs of the group are compared to the present value of the discounted cash flows of the group using the lowest level for which identifiable cash flows are independent of other produced and licensed content. The Company's film groups are generally identified by territory (i.e., country) or groups of international territories, wherein content assets are shared across the various territories and therefore, the group of territories is the film group. If the unamortized costs of the film group exceed the present value of discounted cash flows, an impairment charge is recorded for the excess and allocated to individual titles based on the relative carrying value of each title in the group. Valuation Assumptions. The discounted cash flow analysis includes cash flows estimates of ultimate revenue and costs as well as a discount rate (a Level 3 fair value measurement, see Note 10). The discount rate utilized in the discounted cash flow analysis is based on the weighted average cost of capital of the Company plus a risk premium representing the risk associated with producing a particular film or television program or film group. The fair value of any film costs associated with a film or television program that management plans to abandon is zero. Estimates of future revenue involve measurement uncertainty and it is therefore possible that reductions in the carrying value of investment in films and television programs may be required as a consequence of changes in management’s future revenue estimates. Property and Equipment, net Property and equipment is carried at cost less accumulated depreciation. Depreciation is provided for on a straight line basis over the following useful lives: Distribution equipment 3 — 7 years Computer equipment and software 3 — 5 years Furniture and equipment 3 — 7 years Leasehold improvements Lease term or the useful life, whichever is shorter Land Not depreciated The Company periodically reviews and evaluates the recoverability of property and equipment. Where applicable, estimates of net future cash flows, on an undiscounted basis, are calculated based on future revenue estimates. If appropriate and where deemed necessary, a reduction in the carrying amount is recorded based on the difference between the carrying amount and the fair value based on discounted cash flows. Leases The Company determines if an arrangement is a lease at its inception. The expected term of the lease used for computing the lease liability and right-of-use ("ROU") asset and determining the classification of the lease as operating or financing may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The Company also elected to not separate lease components from non-lease components across all lease categories. Instead, each separate lease component and non-lease component are accounted for as a single lease component. Operating Leases. Operating lease ROU assets, representing the Company's right to use the underlying asset for the lease term, are included in the "Other assets - non-current" line item in the Company's consolidated balance sheet. Operating lease liabilities, representing the present value of the Company's obligation to make payments over the lease term, are included in the “Accounts payable and accrued liabilities” and “Other liabilities - non-current” line items in the Company's consolidated balance sheet. The Company has entered into various short-term operating leases which have an initial term of 12 months or less. These short-term leases are not recorded on the Company's consolidated balance sheet. Lease expense for operating leases is recognized on a straight-line basis over the lease term. Finance Leases. Finance lease ROU assets are included in "Property and equipment, net" and finance lease liabilities are included in the “Debt - short-term portion” and “Debt - non-current” line items in the Company's consolidated balance sheet. For finance leases, the Company recognizes interest expense on lease liabilities using the effective interest method and amortization of ROU assets on a straight-line basis over the lease term. As of March 31, 2022, the Company does not have any outstanding finance leases. The present value of the lease payments is calculated using a rate implicit in the lease, when readily determinable. However, as most of the Company's leases do not provide an implicit rate, the Company uses its incremental borrowing rate to determine the present value of the lease payments for the majority of its leases. Variable lease payments that are based on an index or rate are included in the measurement of ROU assets and lease liabilities at lease inception. All other variable lease payments are expensed as incurred and are not included in the measurement of ROU assets and lease liabilities. Investments Investments include investments accounted for under the equity method of accounting, and equity investments with and without readily determinable fair value. Equity Method Investments: The Company uses the equity method of accounting for investments in companies in which it has a minority equity interest and the ability to exert significant influence over operating decisions of the companies. Significant influence is generally presumed to exist when the Company owns between 20% and 50% of the voting interests in the investee, holds substantial management rights or holds an interest of less than 20% in an investee that is a limited liability partnership or limited liability corporation that is treated as a flow-through entity. Under the equity method of accounting, the Company's share of the investee's earnings (losses), net of intercompany eliminations, are included in the "equity interest income (loss)" line item in the consolidated statement of operations. The Company records its share of the net income or loss of most equity method investments on a one quarter lag and, accordingly, during the years ended March 31, 2022, 2021, and 2020, the Company recorded its share of the income or loss generated by these entities for the years ended December 31, 2021, 2020 and 2019, respectively. Dividends and other distributions from equity method investees are recorded as a reduction of the Company's investment. Distributions received up to the Company's interest in the investee's retained earnings are considered returns on investments and are classified within cash flows from operating activities in the consolidated statement of cash flows. Distributions from equity method investments in excess of the Company's interest in the investee's retained earnings are considered returns of investments and are classified within cash flows provided by investing activities in the statement of cash flows. Other Equity Investments: Investments in nonconsolidated affiliates in which the Company owns less than 20% of the voting common stock, or does not exercise significant influence over operating and financial policies, are recorded at fair value using quoted market prices if the investment has a readily determinable fair value. If an equity investment's fair value is not readily determinable, the Company will recognize it at cost less any impairment, adjusted for observable price changes in orderly transactions in the investees' securities that are identical or similar to our investments in the investee. The unrealized gains and losses and the adjustments related to the observable price changes are recognized in net income (loss). Impairments of Investments: The Company regularly reviews its investments for impairment, including when the carrying value of an investment exceeds its market value. If the Company determines that an investment has sustained an other-than-temporary decline in its value, the investment is written

Acquisitions and Dispositions

Acquisitions and Dispositions	12 Months Ended
	Mar. 31, 2022
Business Combinations [Abstract]
Dispositions and Acquisitions	Acquisitions and Dispositions Acquisition Spyglass. On July 15, 2021, the Company purchased approximately 200 feature film titles (the "Spyglass Library") from Spyglass Media Group, LLC ("Spyglass"). The Company also formed a strategic content partnership through an investment of a 18.9% preferred equity interest in Spyglass, and entered into a multiyear first-look television arrangement with Spyglass. The purchase price, including acquisition costs, of the Spyglass Library and preferred equity interest was $191.4 million, of which $171.4 million was paid at closing and $20.0 million will be paid over two annual installments in July 2022 and July 2023. The Spyglass Library was accounted for as an asset acquisition and is included in investment in film and television programs and program rights on our consolidated balance sheet. The preferred equity interest was accounted for as an equity-method investment (see Note 5). Disposition

Investment in Films and Televis

Investment in Films and Television Programs and Licensed Program Rights	12 Months Ended
	Mar. 31, 2022
Investment in Films and Television Programs and Licensed Program Rights [Abstract]
Investment in Films and Television Programs and Licensed Program Rights	Investment in Films and Television Programs and Licensed Program Rights Total investment in films and television programs and licensed program rights by predominant monetization strategy is as follows: March 31, March 31, (Amounts in millions) Investment in Films and Television Programs: Individual Monetization (1) Released, net of accumulated amortization $ 557.5 $ 414.7 Completed and not released 121.4 60.3 In progress 574.9 418.7 In development 102.7 92.9 1,356.5 986.6 Film Group Monetization Released, net of accumulated amortization $ 469.5 200.4 Completed and not released 253.2 — In progress 427.6 497.1 In development 11.4 28.2 1,161.7 725.7 Licensed program rights, net of accumulated amortization $ 495.4 510.4 Investment in films and television programs and program rights, net $ 3,013.6 $ 2,222.7 ________________________ (1) At March 31, 2022, the unamortized balance related to completed and not released and in progress theatrical films was $500.8 million. At March 31, 2022, acquired film and television libraries have remaining unamortized costs of $149.9 million, which are monetized individually and are being amortized using the individual-film-forecast method over a remaining period of approximately 19.2 years (March 31, 2021 - unamortized costs of $18.3 million). Amortization of investment in film and television programs and licensed program rights by predominant monetization strategy is as follows for the fiscal years ended March 31, 2022 and 2021, and was included in direct operating expense in the consolidated statement of operations: Year Ended March 31, 2022 2021 Amortization expense: Individual monetization $ 887.3 $ 539.3 Film group monetization 303.0 229.0 Licensed program rights 377.4 421.5 $ 1,567.7 $ 1,189.8 Amortization of investment in film and television programs and licensed program rights for the fiscal year ended March 31, 2020 was $1,706.7 million. The table below summarizes estimated future amortization expense for the Company's investment in film and television programs and licensed program rights as of March 31, 2022: Year Ending March 31, 2023 2024 2025 (Amounts in millions) Estimated future amortization expense: Released investment in films and television programs: Individual monetization $ 196.0 $ 91.2 $ 72.2 Film group monetization $ 145.8 $ 91.1 $ 64.8 Licensed program rights $ 256.7 $ 111.4 $ 64.8 Completed and not released investment in films and television programs: Individual monetization $ 90.9 n/a n/a Film group monetization $ 133.5 n/a n/a Investment in films and television programs and licensed program rights includes write-downs to fair value, which are included in direct operating expense on the consolidated statements of operations, and represented the following amounts by segment for the fiscal years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Impairments by segment: Motion Picture $ 1.2 $ 19.4 $ 42.1 Television Production 34.9 10.3 1.8 Impairments not included in segment operating results (1) 36.9 15.4 91.6 $ 73.0 $ 45.1 $ 135.5 ________________________ (1) Fiscal 2022: Represents impairment charges recorded as a result of a strategic review of original programming on the STARZ platform, which identified certain titles with limited viewership or strategic purpose which were removed from the STARZ service and abandoned by the Media Networks segment. Fiscal 2021: Represents impairment charges as a result of changes in performance expectations associated with the circumstances associated with the COVID-19 global pandemic. Fiscal 2020:

Property and Equipment

Property and Equipment	12 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment March 31, 2022 March 31, 2021 (Amounts in millions) Distribution equipment $ 18.8 $ 15.2 Leasehold improvements 43.5 42.9 Property and equipment 25.3 16.7 Computer equipment and software 219.7 197.0 307.3 271.8 Less accumulated depreciation and amortization (227.3) (181.9) 80.0 89.9 Land 1.2 1.2 $ 81.2 $ 91.1 During the year ended March 31, 2022, depreciation expense amounted to $43.0 million (2021 - $44.0 million; 2020 - $45.6 million, and amounts in fiscal 2021 and fiscal 2020 include the amortization of assets previously recorded under finance leases).

Investments

Investments	12 Months Ended
	Mar. 31, 2022
Equity Method Investments, and Investments in Debt and Equity Securities [Abstract]
Investments	Investments The Company's investments consisted of the following: March 31, March 31, (Amounts in millions) Investments in equity method investees $ 53.9 $ 30.1 Other investments 2.1 1.8 $ 56.0 $ 31.9 Equity Method Investments: The Company has investments in various equity method investees with ownership percentages ranging from approximately 9% to 49%. These investments include: STARZPLAY Arabia. STARZPLAY Arabia (Playco Holdings Limited) offers a STARZ-branded online subscription video-on-demand service in the Middle East and North Africa. Roadside Attractions . Roadside Attractions is an independent theatrical distribution company. Pantelion Films. Pantelion Films is a joint venture with Videocine, an affiliate of Televisa, which produces, acquires and distributes a slate of English and Spanish language feature films that target Hispanic moviegoers in the U.S. Atom Tickets. Atom Tickets is the first-of-its-kind theatrical mobile ticketing platform and app. Great Point Opportunity Fund. Great Point Opportunity Fund is an operating company that operates Lionsgate Studios Yonkers, a studio facility in Yonkers, New York. Spyglass. Spyglass is a global premium content company, focused on developing, producing, financing and acquiring motion pictures and television programming across all platforms for worldwide audiences. Other. In addition to the equity method investments discussed above, the Company holds ownership interests in other immaterial equity method investees. Summarized Financial Information. Summarized financial information for the Company's equity method investees on an aggregate basis is set forth below: March 31, March 31, (Amounts in millions) Current assets $ 125.3 $ 135.2 Non-current assets $ 166.4 $ 177.7 Current liabilities $ 253.9 $ 201.1 Non-current liabilities $ 59.8 $ 91.7 Year Ended March 31, 2022 2021 2020 (Amounts in millions) Revenues $ 86.0 $ 84.6 $ 131.9 Gross profit $ 26.5 $ 32.0 $ 51.1 Net loss $ (46.1) $ (62.6) $ (64.4)

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill Changes in the carrying value of goodwill by reporting segment were as follows: Motion Television Media Networks Total (Amounts in millions) Balance as of March 31, 2020 $ 393.7 $ 401.9 $ 2,037.9 $ 2,833.5 Sale of Pantaya (1) — — (69.0) (69.0) Balance as of March 31, 2021 $ 393.7 $ 401.9 $ 1,968.9 $ 2,764.5 Balance as of March 31, 2022 $ 393.7 $ 401.9 $ 1,968.9 $ 2,764.5 ______________________ (1) On March 31, 2021, the Company sold its majority interest in Pantaya (see Note 2). In connection with the sale, the Company allocated $69.0 million of goodwill from its Media Networks segment to Pantaya as required under the applicable accounting guidance, which was included in the net assets disposed. Intangible Assets Finite-Lived Intangible Assets. Finite-lived intangible assets consisted of the following: March 31, 2022 March 31, 2021 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (Amounts in millions) Finite-lived intangible assets subject to amortization: Customer relationships (1) $ 1,852.0 $ 671.3 $ 1,180.7 $ 1,852.0 $ 540.1 $ 1,311.9 Trademarks and trade names 3.6 2.2 1.4 3.6 1.8 1.8 Other 23.9 15.8 8.1 23.9 12.5 11.4 $ 1,879.5 $ 689.3 $ 1,190.2 $ 1,879.5 $ 554.4 $ 1,325.1 _______________ (1) Customer relationships primarily represent Starz affiliation agreements with distributors. Amortization expense associated with the Company's intangible assets for the years ended March 31, 2022, 2021 and 2020 was approximately $134.9 million, $144.5 million, and $152.1 million, respectively. Amortization expense remaining relating to intangible assets for each of the years ending March 31, 2023 through 2027 is estimated to be approximately $130.3 million, $125.5 million, $123.4 million, $119.6 million, and $116.6 million, respectively. Indefinite-Lived Intangible Assets. Indefinite-lived intangible assets not subject to amortization consisted of the following: March 31, 2022 March 31, 2021 (Amounts in millions) Indefinite-lived intangible assets not subject to amortization: Tradenames (1) $ 250.0 $ 250.0 _______________

Debt

Debt	12 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt Total debt of the Company, excluding film related and other obligations, was as follows : March 31, March 31, (Amounts in millions) Corporate debt: Revolving Credit Facility $ — $ — Term Loan A 2023 Term Loan A (1) 193.6 660.0 2026 Term Loan A 444.9 — Term Loan B 844.2 952.6 5.500% Senior Notes 1,000.0 — 5.875% Senior Notes — 518.7 6.375% Senior Notes — 545.6 Total corporate debt 2,482.7 2,676.9 Unamortized debt issuance costs (57.8) (46.0) Total debt, net 2,424.9 2,630.9 Less current portion (222.8) (88.0) Non-current portion of debt $ 2,202.1 $ 2,542.9 ________________ (1) Subsequent to March 31, 2022, in April 2022, the Company voluntarily prepaid the entire outstanding principal amount of the 2023 Term Loan A of $193.6 million, together with accrued and unpaid interest. See Note 21 - Subsequent Events. The following table sets forth future annual contractual principal payment commitments of debt as of March 31, 2022: Maturity Date Year Ending March 31, Debt Type 2023 2024 2025 2026 2027 Thereafter Total (Amounts in millions) Revolving Credit Facility April 2026 $ — $ — $ — $ — $ — $ — $ — Term Loan A 2023 Term Loan A (1) March 2023 193.6 — — — — — 193.6 2026 Term Loan A April 2026 16.7 28.9 41.1 44.5 313.7 — 444.9 Term Loan B March 2025 12.5 12.5 819.2 — — — 844.2 5.500% Senior Notes April 2029 — — — — — 1,000.0 1,000.0 $ 222.8 $ 41.4 $ 860.3 $ 44.5 $ 313.7 $ 1,000.0 2,482.7 Less aggregate unamortized debt issuance costs (57.8) $ 2,424.9 ________________ (1) Subsequent to March 31, 2022, in April 2022, the Company voluntarily prepaid the entire outstanding principal amount of the 2023 Term Loan A of $193.6 million, together with accrued and unpaid interest. See Note 21 - Subsequent Events. Senior Credit Facilities (Revolving Credit Facility, Term Loan A and Term Loan B) Revolving Credit Facility Availability of Funds & Commitment Fee. The revolving credit facility provides for borrowings and letters of credit up to an aggregate of $1.25 billion, and at March 31, 2022 there was $1.25 billion available. There were no letters of credit outstanding at March 31, 2022. However, borrowing levels are subject to certain financial covenants as discussed below. The Company is required to pay a quarterly commitment fee on the revolving credit facility of 0.250% to 0.375% per annum, depending on the achievement of certain leverage ratios, as defined in the credit and guarantee agreement dated December 8, 2016, as amended (the "Credit Agreement"), on the total revolving credit facility of $1.25 billion less the amount drawn. Maturity Date: • Revolving Credit Facility: April 6, 2026. • Term Loan A: ◦ 2023 Term Loan A: March 22, 2023 (voluntarily prepaid in April 2022, see Note 21 - Subsequent Events). ◦ 2026 Term Loan A: April 6, 2026. • Term Loan B: March 24, 2025. Interest: • Revolving Credit Facility & Term Loan A: The Revolving Credit Facility and Term Loan A bear interest at a rate per annum equal to LIBOR plus 1.75% (or an alternative base rate plus 0.75%) margin, with a LIBOR floor of zero. The margin is subject to potential increases of up to 50 basis points (two (2) increases of 25 basis points each) upon certain increases to net first lien leverage ratios, as defined in the Credit Agreement (effective interest rate of 2.20% as of March 31, 2022, before the impact of interest rate swaps). • Term Loan B: The Term Loan B bears interest at a rate per annum equal to LIBOR plus 2.25% margin, with a LIBOR floor of zero (or an alternative base rate plus 1.25% margin) (effective interest rate of 2.70% as of March 31, 2022, before the impact of interest rate swaps). Required Principal Payments: • Term Loan A: ◦ 2023 Term Loan A: Quarterly principal payments, at quarterly rates of 1.25% beginning June 30, 2019, 1.75% beginning June 30, 2020, and 2.50% beginning June 30, 2021, with the balance payable at maturity. ◦ 2026 Term Loan A: Quarterly principal payments, at quarterly rates of 1.25% beginning September 30, 2022, 1.75% beginning September 30, 2023, and 2.50% beginning September 30, 2024 through March 31, 2026, with the balance payable at maturity. • Term Loan B: Quarterly principal payments, at a quarterly rate of 0.25%, with the balance payable at maturity. The Term Loan A and Term Loan B also require mandatory prepayments in connection with certain asset sales, subject to certain significant exceptions, and the Term Loan B is subject to additional mandatory repayment from specified percentages of excess cash flow, as defined in the Credit Agreement. Optional Prepayment: • Revolving Credit Facility & Term Loan A: The Company may voluntarily prepay the Revolving Credit Facility and Term Loan A at any time without premium or penalty. • Term Loan B: The Company may voluntarily prepay the Term Loan B at any time without premium or penalty. Security. The Senior Credit Facilities are guaranteed by the Guarantors (as defined in the Credit Agreement) and are secured by a security interest in substantially all of the assets of Lionsgate and the Guarantors (as defined in the Credit Agreement), subject to certain exceptions. Covenants. The Senior Credit Facilities contain representations and warranties, events of default and affirmative and negative covenants that are customary for similar financings and which include, among other things and subject to certain significant exceptions, restrictions on the ability to declare or pay dividends, create liens, incur additional indebtedness, make investments, dispose of assets and merge or consolidate with any other person. In addition, a net first lien leverage maintenance covenant and an interest coverage ratio maintenance covenant apply to the Revolving Credit Facility and the Term Loan A and are tested quarterly. As of March 31, 2022, the Company was in compliance with all applicable covenants. Change in Control. The Company may also be subject to an event of default upon a change in control (as defined in the Credit Agreement) which, among other things, includes a person or group acquiring ownership or control in excess of 50% of the Company’s common shares. Potential Impact of LIBOR Transition. The Chief Executive of the U.K. Financial Conduct Authority (the “FCA”), which regulates the LIBOR has announced that the FCA will no longer persuade or compel banks to submit rates for the calculation of LIBOR after the end of 2021. For U.S dollar LIBOR, publication of the one-week and two-month LIBOR settings ceased on December 31, 2021, and publication of the overnight and 12-month LIBOR settings will cease after June 30, 2023. Immediately after June 30, 2023, the one-month, three-month and six-month U.S. dollar LIBOR settings will no longer be representative. Given these changes, the LIBOR administrator has advised that no new contracts using U.S. dollar LIBOR should be entered into after December 31, 2021. It is also possible that U.S. LIBOR will be discontinued or modified prior to June 30, 2023. The Company is unable to predict whether or when an alternative reference rate will become a standard global benchmark and suitable replacement for LIBOR. In July 2021, the Alternative Reference Rates Committee, a steering committee comprised of large U.S. financial institutions and other market participants, recommended replacing U.S. dollar LIBOR with the Secured Overnight Financing Rate (“SOFR”), a new index based on transactions in the market for short-term treasury securities. The publication of SOFR began in April 2018, and, therefore, it has a very limited history. Whether SOFR attains market traction as a LIBOR replacement tool remains in question. Under the terms of the Company's Credit Agreement, in the event of the discontinuance of LIBOR, a mutually agreed-upon alternate benchmark rate will be established to replace LIBOR. The Company and Lenders (as defined in the Credit Agreement) shall, in good faith, endeavor to establish an alternate benchmark rate that gives due consideration to prevailing market convention for determining a rate of interest for syndicated loans in the United States at such time, and which places the lenders under the Credit Agreement and the Company in the same economic position that existed immediately prior to the discontinuation of LIBOR. The Company does not anticipate that the discontinuance or modification of LIBOR will materially impact its liquidity or financial position. 5.500% Senior Notes Interest: Bears interest at 5.500% annually (payable semi-annually in arrears on April 15 and October 15 of each year, commencing on October 15, 2021). Maturity Date: April 15, 2029. Optional Redemption: (i) Prior to April 15, 2024, the Company may redeem the 5.500% Senior Notes in whole at any time, or in part from time to time, at a price equal to 100% of the principal amount of the notes to be redeemed plus a "make-whole" premium, plus accrued and unpaid interest, if any, to, but not including, the redemption date. The make-whole premium is the greater of (i) 1.0% of the principal amount redeemed and (ii) the excess, if any, of the present value at such redemption date of the redemption price at April 15, 2024 (see redemption prices below) plus interest through April 15, 2024 (discounted to the redemption date at the treasury rate plus 50 basis points) over the principal amount of the notes redeemed on the redemption date. (ii) On or after April 15, 2024, the Company may redeem the 5.500% Senior Notes in whole at any time, or in part from time to time, at certain specified redemption prices, plus accrued and unpaid interest, if any, to, but not including, the redemption date. Such redemption prices are as follows (as a percentage of the principal amount redeemed): (i) on or after April 15, 2024 - 102.750%; (ii) on or after April 15, 2025 - 101.375%; and (iii) on or after April 15, 2026 - 100%. In addition, the Company may redeem up to 40% of the aggregate principal amount of the notes at any time and from time to time prior to April 15, 2024 with the net proceeds of certain equity offerings at a price of 105.500% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to, but not including, the redemption date. Security. The 5.500% Senior Notes are unsubordinated, unsecured obligations of the Company. Covenants. The 5.500% Senior Notes contain certain restrictions and covenants that, subject to certain exceptions, limit the Company’s ability to incur additional indebtedness, pay dividends or repurchase the Company’s common shares, make certain loans or investments, and sell or otherwise dispose of certain assets subject to certain conditions, among other limitations. As of March 31, 2022, the Company was in compliance with all applicable covenants. Change in Control. The occurrence of a change of control will be a triggering event requiring the Company to offer to purchase from holders all of the 5.500% Senior Notes, at a price equal to 101% of the principal amount, plus accrued and unpaid interest, if any, to the date of purchase. In addition, certain asset dispositions will be triggering events that may require the Company to use the excess proceeds from such dispositions to make an offer to purchase the 5.500% Senior Notes at 100% of their principal amount, plus accrued and unpaid interest, if any, to the date of purchase. Capacity to Pay Dividends At March 31, 2022, the capacity to pay dividends under the Senior Credit Facilities, and the 5.500% Senior Notes significantly exceeded the amount of the Company's accumulated deficit or net loss, and therefore the Company's net loss of $205.4 million and accumulated deficit of $369.7 million were deemed free of restrictions from paying dividends at March 31, 2022. Debt Transactions Subsequent to March 31, 2022, in April 2022, the Company voluntarily prepaid the entire outstanding principal amount of the 2023 Term Loan A of $193.6 million, together with accrued and unpaid interest. See Note 21 - Subsequent Events. Fiscal 2022: Senior Notes Redemption and Issuance. On April 1, 2021, the Company redeemed in full all $518.7 million outstanding principal amount of its 5.875% Senior Notes due November 2024 ("5.875% Senior Notes") and all $545.6 million outstanding principal amount of its 6.375% Senior Notes due February 2024 ("6.375% Senior Notes"). In connection with the early redemption of the 5.875% Senior Notes and the 6.375% Senior Notes, the Company paid a prepayment premium of $15.2 million and $17.4 million, respectively, plus accrued and unpaid interest to the date of redemption, pursuant to the terms of the indentures governing the 5.875% Senior Notes and the 6.375% Senior Notes, respectively. In connection with the redemption of the 5.875% Senior Notes and the 6.375% Senior Notes, on April 1, 2021, the Company issued $1.0 billion aggregate principal amount of 5.500% Senior Notes due April 15, 2029 ("5.500% Senior Notes"). Credit Agreement Amendment. On April 6, 2021, the Company amended its Credit Agreement to, among other things, extend the maturity (the "Extension") of a portion of its revolving credit commitments, amounting to $1.25 billion, and a portion of its outstanding term A loans, amounting to $444.9 million (the "2026 Term Loan A"), to April 6, 2026, and make certain other changes to the covenants and other provisions therein. After giving effect to the Extension, $250.0 million of revolving credit commitments and $215.1 million of term A loans (the "2023 Term Loan A", and together with the 2026 Term Loan A, the "Term Loan A") remained outstanding with a maturity of March 22, 2023. Termination of a Portion of Revolving Credit Facility Commitments. On November 2, 2021, the Company terminated its revolving credit commitments with a maturity of March 22, 2023, amounting to $250.0 million remaining after giving effect to the Extension (the "Termination"). After giving effect to the Termination, the Company's remaining revolving credit commitments under its Credit Agreement amounted to $1.25 billion with a maturity of April 6, 2026 (the "Revolving Credit Facility"). Term Loan B Repurchases. During the year ended March 31, 2022, the Company completed a series of repurchases of the term B loans due March 24, 2025 ("Term Loan B") and, in aggregate, paid $95.3 million to repurchase $96.0 million principal amount of the Term Loan B. See the Loss on Extinguishment of Debt section further below for a description of the accounting for these transactions. Fiscal 2020: Senior Notes Repurchases. During the year ended March 31, 2020, the Company paid $1.0 million to repurchase $1.3 million principal amount of the 5.875% Senior Notes, and the Company paid $3.5 million to repurchase $4.4 million principal amount of the 6.375% Senior Notes. Term Loan B Repurchases and Prepayments. During the year ended March 31, 2020, the Company paid $22.0 million to repurchase $28.0 million principal amount of the Term Loan B. In addition, during the year ended March 31, 2020, the Company made voluntary prepayments totaling $101.9 million in principal outstanding under the Term Loan B, together with accrued and unpaid interest. Loss on Extinguishment of Debt Accounting for the Fiscal 2022 Debt Transactions Discussed Above: Revolving Credit Facility. • Unamortized debt issuance costs: In connection with the Company's credit agreement amendment on April 6, 2021 described above, where the borrowing capacity (measured as the amount available under the revolving credit facility multiplied by the remaining term) was less than it was prior to the amendment to the Revolving Credit Facility on April 6, 2021, on a creditor-by-creditor basis, the unamortized debt issuance costs were written off as a loss on extinguishment of debt in proportion to the decrease in borrowing capacity. The remaining unamortized debt issuance costs were allocated between the revolving credit commitments with maturities in 2023 and 2026 in proportion to the borrowing capacity of each facility and were being amortized over the respective terms of the revolving credit commitments with maturities in 2023 and 2026, as applicable. • Fees paid to creditors and third-party costs: In connection with the Company's credit agreement amendment on April 6, 2021 described above, all fees paid to creditors or third parties (i.e., new debt issuance costs) were recorded as a reduction of amounts outstanding under the 2026 Revolving Credit Facility and are being amortized over the term of the 2026 Revolving Credit Facility. Term Loan A. In connection with the Company's credit agreement amendment on April 6, 2021 described above, with respect to substantially all creditors participating in the Term Loan A, the amendment was considered a modification of terms since the present value of the cash flows after the amendment differed by less than a 10% change from the present value of the cash flows on a creditor-by-creditor basis prior to the amendment. Accordingly, the associated costs were accounted for as follows: • Unamortized debt issuance costs: Previously incurred unamortized debt issuance costs and fees were allocated between the 2023 Term Loan A and the 2026 Term Loan A based on the relative balances outstanding after the amendment and are being amortized over the respective terms of the 2023 Term Loan A and 2026 Term Loan A. To the extent there was a reduction of the outstanding balance on a creditor-by-creditor basis (i.e., a partial prepayment of debt), previously incurred unamortized debt issuance costs and fees were expensed as a loss on extinguishment of debt on the consolidated statement of operations. • Fees paid to creditors: Certain fees were paid to creditors based on their 2026 Term Loan A participation. These fees paid to creditors were recorded as a reduction of amounts outstanding under the 2026 Term Loan A and are being amortized over the term of the 2026 Term Loan A. • Third-party costs: Substantially all third-party costs were expensed as a result of the modification and included in loss on extinguishment of debt in the consolidated statement of operations. Senior Notes. In accounting for the issuance and redemption of the 5.875% and 6.375% Senior Notes on April 1, 2021 as discussed above, a portion of the Senior Notes redemption and issuance was considered a modification of terms with creditors who participated in both the redeemed Senior Notes and new 5.500% Senior Notes, a portion was considered a debt extinguishment, and a portion represented new issuances to new creditors, and the debt issuance costs were accounted for as follows: • Unamortized debt issuance costs: Previously incurred unamortized debt issuance costs and fees on the redeemed Senior Notes are being amortized over the term of the new Senior Notes, to the extent considered a modification of terms, and expensed as a loss on extinguishment of debt to the extent considered an extinguishment. To the extent there was a reduction of the outstanding balance on a creditor-by-creditor basis (i.e., a partial prepayment of debt), previously incurred unamortized debt issuance costs and fees were expensed as a loss on extinguishment of debt on the consolidated statement of operations. • Fees paid to creditors: Fees paid to creditors or call premiums were recorded as a reduction of amounts outstanding under the new Senior Notes and are being amortized over the term of the new Senior Notes, to the extent considered a modification of terms or associated with new issuances to new creditors, and expensed as a loss on extinguishment of debt to the extent considered an extinguishment or a partial prepayment of debt. • Third-party costs: Costs incurred with third parties were recorded as a reduction of amounts outstanding under the new Senior Notes and will be amortized over the term of the new Senior Notes, to the extent considered an extinguishment or associated with new issuances to new creditors, and expensed as a loss on extinguishment of debt to the extent considered a modification of terms. For all of the above transactions, debt issuance costs recorded as a reduction of outstanding debt are amortized using the effective interest method. Term Loan B. In connection with the repurchases of the Term Loan B discussed above, during the year ended March 31, 2022, the Company recorded a loss on extinguishment of debt of $0.2 million related to the write-off of debt issuance costs. Loss (Gain) on Extinguishment of Debt. During the year ended March 31, 2022, the Company recorded a loss on extinguishment of debt related to the transactions described above, as summarized in the table below: Year Ended Loss on Extinguishment of Debt Recorded as a Reduction of Outstanding Debt Balances & Amortized Over Life of New Issuances Total (Amounts in millions) Credit Agreement amendment (Revolving Credit Facility and Term Loan A) and Senior Notes redemption and issuance: New debt issuance costs and call premiums $ 21.2 $ 31.0 $ 52.2 Previously incurred debt issuance costs 5.2 31.1 36.3 $ 26.4 $ 62.1 $ 88.5 Termination of a portion of Revolving Credit Facility commitments, Term Loan B repurchases and other (1) 1.8 Total loss on extinguishment of debt $ 28.2 ________________ (1) During the year ended March 31, 2022, the Company recorded a loss on extinguishment of debt of $1.1 million related to the write-off of debt issuance costs associated with the termination of its revolving credit commitments with maturities in March 2023.

Film Related and Other Obligati

Film Related and Other Obligations	12 Months Ended
	Mar. 31, 2022
Film Related And Other Obligations [Abstract]
Film Related and Other Obligations	Film Related and Other Obligations March 31, March 31, (Amounts in millions) Program rights and film obligations $ 278.4 $ 214.6 Production and related loans 1,286.7 493.5 IP Credit Facility and other financing obligations (1) 123.5 — Total film related and other obligations 1,688.6 708.1 Unamortized debt issuance costs (8.5) (4.6) Total film related and other obligations, net 1,680.1 703.5 Less current portion (951.1) (385.0) Total non-current film related and other obligations $ 729.0 $ 318.5 ________________________ (1) See further discussion under the "IP Credit Facility and Other Financing Obligations" section below and Note 21 - Subsequent Events for amounts received under the IGR Facility (as defined below) subsequent to March 31, 2022. The following table sets forth future annual repayment of film related and other obligations as of March 31, 2022. Year Ending March 31, 2023 2024 2025 2026 2027 Thereafter Total (Amounts in millions) Program rights and film obligations $ 199.6 $ 46.7 $ 17.7 $ 4.6 $ 1.3 $ 8.5 $ 278.4 Production and related loans 732.9 190.1 363.7 — — — 1,286.7 IP Credit Facility and other financing obligations (1) 27.1 25.4 26.3 26.3 18.4 — 123.5 $ 959.6 $ 262.2 $ 407.7 $ 30.9 $ 19.7 $ 8.5 $ 1,688.6 Less unamortized debt issuance costs (8.5) $ 1,680.1 ________________________ (1) IP Credit Facility amounts represent outstanding amounts under our IP Credit Facility at March 31, 2022, and repayment dates are based on the projected future cash flows generated from the exploitation of the rights, subject to a minimum guaranteed payment amount, as applicable (see further information below). See further discussion under the "IP Credit Facility and Other Financing Obligations" section below and Note 21 - Subsequent Events for amounts received under the IGR Facility (as defined below) subsequent to March 31, 2022. Program Rights and Film Obligations Program rights and film obligations include minimum guarantees and accrued licensed program rights obligations, which represent amounts payable for film or television rights that the Company has acquired or licensed and certain theatrical marketing obligations for amounts received from third parties that are contractually committed for theatrical marketing expenditures associated with specific titles. Production and Related Loans Production and related loans include individual loans for the production or license of film and television programs that the Company produces or licenses and the Company's Production Tax Credit Facility (as defined below). Individual Loans . The majority of the Company's individual production and related loans have contractual repayment dates either at or near the expected completion date, with the exception of certain loans containing repayment dates on a longer term basis, and incur primarily LIBOR and SOFR-based interest at a weighted average rate of 3.00% (before the impact of interest rate swaps, see Note 18 for interest rate swaps). Production Tax Credit Facility. In January 2021, as amended on March 31, 2021 and March 29, 2022, the Company entered into a non-recourse senior secured revolving credit facility (the "Production Tax Credit Facility") based on collateral consisting of certain of the Company’s tax credit receivables. The maximum principal amount of the Production Tax Credit Facility is $235.0 million, subject to the amount of collateral available, which is based on specified percentages of amounts payable to the Company by governmental authorities pursuant to the tax incentive laws of certain eligible jurisdictions that arise from the production or exploitation of motion pictures and television programming in such jurisdiction. Advances under the Production Tax Credit Facility bear interest at a rate equal to SOFR plus 0.10% to 0.25% depending on the SOFR term (i.e., one, three or six months), plus 1.50% per annum or the base rate plus 0.50% per annum (effective interest rate of 1.90% at March 31, 2022). The Production Tax Credit Facility matures on January 27, 2025. As of March 31, 2022, there was $224.0 million outstanding under the Production Tax Credit Facility, and there was $10.5 million available under the Production Tax Credit Facility (March 31, 2021 - $120.0 million outstanding). IP Credit Facility and Other Financing Obligations IP Credit Facility. In July 2021, as amended on September 30, 2021, certain subsidiaries of the Company entered into a senior secured amortizing term credit facility (the "IP Credit Facility") based on the collateral consisting solely of certain of the Company’s rights in certain library titles, including the Spyglass and other recently acquired libraries. The maximum principal amount of the IP Credit Facility is $140.0 million, subject to the amount of collateral available, which is based on the valuation of cash flows from the libraries. The cash flows generated from the exploitation of the rights will be applied to repay the IP Credit Facility subject to cumulative minimum guaranteed payment amounts as set forth below: Cumulative Period Through: Cumulative Minimum Guaranteed Payment Amounts Payment Due Date (in millions) September 30, 2022 $26.3 November 14, 2022 September 30, 2023 $52.5 November 14, 2023 September 30, 2024 $78.8 November 14, 2024 September 30, 2025 $105.0 November 14, 2025 July 30, 2026 $140.0 July 30, 2026 Advances under the IP Credit Facility bear interest at a rate equal to, at the Company’s option, LIBOR plus 2.25% per annum (with a LIBOR floor of 0.25%) or the base rate plus 1.25% per annum (effective interest rate of 2.70% at March 31, 2022). The IP Credit Facility matures on July 30, 2026. As of March 31, 2022, there was $123.5 million outstanding under the IP Credit Facility. Other Financing Obligations. During the third quarter ended December 31, 2021, the Company repaid its previously outstanding other financing obligations incurred in the second quarter ended September 30, 2021, which included financing collateralized by certain contractual payments to be received in the future. On March 31, 2022 certain subsidiaries of the Company entered into a committed secured revolving credit facility (the "Investment Grade Receivables (IGR) Facility") based on collateral consisting of certain of the Company's fixed fee or minimum guarantee contracts where cash will be received in the future. The maximum principal amount of the IGR Facility is $125.0 million, subject to the amount of eligible collateral contributed to the facility. Advances under the IGR Facility bear interest at a rate equal to Term SOFR plus 0.10% to 0.25% depending on the SOFR term (i.e., one, three or six months), plus an applicable margin amounting to 1.15% per annum at March 31, 2022. The applicable margin is subject to a potential increase to either 1.25% or 1.50% based on the weighted average credit quality rating of the collateral contributed to the facility. The IGR Facility revolving period finishes on March 31, 2025, at which point cash collections from the underlying collateral is used to repay the facility. The facility maturity date is up to 2 years, 90 days after the revolving period ends, currently June 28, 2027. As of March 31, 2022, there were no amounts outstanding under the IGR Facility, however, on April 1, 2022, the Company received $125.0 million under the IGR Facility. See Note 21 - Subsequent Events.

Leases

Leases	12 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Leases	LeasesThe Company has operating leases primarily for office space, studio facilities, and other equipment. The Company's leases have remaining lease terms of up to approximately 10 years, and the Starz commercial building lease includes four successive five-year renewal periods at the Company's option. The components of lease cost were as follows: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Operating lease cost (1) $ 54.9 $ 45.1 $ 35.3 Finance lease cost Amortization of right-of-use assets — 2.6 3.0 Interest on lease liabilities — 1.6 3.4 Total finance lease cost — 4.2 6.4 Short-term lease cost (2) 233.1 129.5 93.3 Variable lease cost (3) 1.4 2.6 2.5 Total lease cost $ 289.4 $ 181.4 $ 137.5 ___________________ (1) Operating lease cost amounts primarily represent the amortization of right-of-use assets and are included in the “other amortization” line of the consolidated statements of cash flows. Amounts include costs capitalized during the period for leased assets used in the production of film and television programs. (2) Short-term lease cost primarily consists of leases of facilities and equipment associated with film and television productions and are capitalized when incurred. (3) Variable lease cost primarily consists of insurance, taxes, maintenance and other operating costs. Supplemental balance sheet information related to leases was as follows: Category Balance Sheet Location March 31, March 31, Operating Leases (Amounts in millions) Right-of-use assets Other assets - non-current $ 170.7 127.0 Lease liabilities (current) Accounts payable and accrued liabilities $ 41.4 41.4 Lease liabilities (non-current) Other liabilities - non-current 159.3 119.9 $ 200.7 161.3 March 31, March 31, Weighted average remaining lease term (in years): Operating leases 6.0 5.1 Weighted average discount rate: Operating leases 3.32 % 3.88 % The expected future payments relating to the Company's lease liabilities at March 31, 2022 are as follows: Operating (Amounts in millions) Year ending March 31, 2023 $ 36.6 2024 38.1 2025 36.8 2026 30.7 2027 24.1 Thereafter 59.6 Total lease payments 225.9 Less imputed interest (25.2) Total $ 200.7 As of March 31, 2022, the Company has entered into certain leases that have not yet commenced primarily related to studio facilities, certain of which are owned by an equity-method investee, for which construction related to those leases has not yet been completed. The leases are for terms up to 10.5 years, commencing upon completion of construction (currently expected to be ranging from calendar years 2022 to 2024). The leases include an option to terminate the leases prior to expiration of lease year seven
Leases	LeasesThe Company has operating leases primarily for office space, studio facilities, and other equipment. The Company's leases have remaining lease terms of up to approximately 10 years, and the Starz commercial building lease includes four successive five-year renewal periods at the Company's option. The components of lease cost were as follows: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Operating lease cost (1) $ 54.9 $ 45.1 $ 35.3 Finance lease cost Amortization of right-of-use assets — 2.6 3.0 Interest on lease liabilities — 1.6 3.4 Total finance lease cost — 4.2 6.4 Short-term lease cost (2) 233.1 129.5 93.3 Variable lease cost (3) 1.4 2.6 2.5 Total lease cost $ 289.4 $ 181.4 $ 137.5 ___________________ (1) Operating lease cost amounts primarily represent the amortization of right-of-use assets and are included in the “other amortization” line of the consolidated statements of cash flows. Amounts include costs capitalized during the period for leased assets used in the production of film and television programs. (2) Short-term lease cost primarily consists of leases of facilities and equipment associated with film and television productions and are capitalized when incurred. (3) Variable lease cost primarily consists of insurance, taxes, maintenance and other operating costs. Supplemental balance sheet information related to leases was as follows: Category Balance Sheet Location March 31, March 31, Operating Leases (Amounts in millions) Right-of-use assets Other assets - non-current $ 170.7 127.0 Lease liabilities (current) Accounts payable and accrued liabilities $ 41.4 41.4 Lease liabilities (non-current) Other liabilities - non-current 159.3 119.9 $ 200.7 161.3 March 31, March 31, Weighted average remaining lease term (in years): Operating leases 6.0 5.1 Weighted average discount rate: Operating leases 3.32 % 3.88 % The expected future payments relating to the Company's lease liabilities at March 31, 2022 are as follows: Operating (Amounts in millions) Year ending March 31, 2023 $ 36.6 2024 38.1 2025 36.8 2026 30.7 2027 24.1 Thereafter 59.6 Total lease payments 225.9 Less imputed interest (25.2) Total $ 200.7 As of March 31, 2022, the Company has entered into certain leases that have not yet commenced primarily related to studio facilities, certain of which are owned by an equity-method investee, for which construction related to those leases has not yet been completed. The leases are for terms up to 10.5 years, commencing upon completion of construction (currently expected to be ranging from calendar years 2022 to 2024). The leases include an option to terminate the leases prior to expiration of lease year seven

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair Value Accounting guidance and standards about fair value define fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair Value Hierarchy Fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The accounting guidance and standards establish three levels of inputs that may be used to measure fair value: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 — Unobservable inputs to the valuation methodology that are significant to the measurement of fair value of assets or liabilities. The following table sets forth the assets and liabilities required to be carried at fair value on a recurring basis as of March 31, 2022 and 2021: March 31, 2022 March 31, 2021 Level 1 Level 2 Total Level 1 Level 2 Total Assets: (Amounts in millions) Equity securities with a readily determinable fair value $ 0.5 $ — $ 0.5 $ 1.8 $ — $ 1.8 Forward exchange contracts (see Note 18) — 3.5 3.5 — 1.5 1.5 Interest rate swaps (see Note 18) (1) — 120.1 120.1 — 149.0 149.0 Liabilities: Forward exchange contracts (see Note 18) — (2.8) (2.8) — (2.6) (2.6) Interest rate swaps (see Note 18) — 28.6 28.6 — (78.4) (78.4) ________________ (1) Amounts at March 31, 2022 and 2021 exclude $88.1 million and $98.2 million, respectively, of financing component of interest rate swaps recorded as a reduction of assets under master netting arrangements which are presented in the table below. The following table sets forth the carrying values and fair values of the Company’s outstanding debt, production and related loans, IP Credit Facility, and interest rate swaps at March 31, 2022 and 2021: March 31, 2022 March 31, 2021 (Amounts in millions) Carrying Fair Value (1) Carrying Value Fair Value (1) (Level 2) (Level 2) Term Loan A (2) $ 631.9 $ 625.7 $ 651.4 $ 647.6 Term Loan B 837.5 828.3 942.8 936.0 5.500% Senior Notes 965.8 962.5 — — 5.875% Senior Notes — — 506.7 533.9 6.375% Senior Notes — — 540.8 563.0 Production and related loans 1,281.2 1,286.7 489.0 493.5 IP Credit Facility and other financing obligations (3) 120.6 123.5 — — Financing component of interest rate swaps (4) 134.0 122.9 152.5 144.7 ________________ (1) The Company measures the fair value of its outstanding debt and interest rate swaps using discounted cash flow techniques that use observable market inputs, such as LIBOR-based yield curves, swap rates, and credit ratings (Level 2 measurements). (2) Subsequent to March 31, 2022, in April 2022, the Company voluntarily prepaid the entire outstanding principal amount of the 2023 Term Loan A of $193.6 million, together with accrued and unpaid interest. See Note 21 - Subsequent Events. (3) See Note 21 - Subsequent Events for amounts received under the IGR Facility subsequent to March 31, 2022. (4) Amounts at March 31, 2022 and 2021 include $88.1 million and $98.2 million, respectively, recorded as a reduction of assets under master netting arrangements. The Company’s financial instruments also include cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities, other liabilities, and borrowings under the Revolving Credit Facility, if any. The carrying values of these financial instruments approximated the fair values at March 31, 2022 and 2021.

Noncontrolling Interests

Noncontrolling Interests	12 Months Ended
	Mar. 31, 2022
Noncontrolling Interest [Abstract]
Noncontrolling Interests	Noncontrolling Interests Redeemable Noncontrolling Interests The table below presents the reconciliation of changes in redeemable noncontrolling interests: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Beginning balance $ 219.1 $ 167.8 $ 127.6 Net loss attributable to redeemable noncontrolling interests (17.7) (15.9) (18.2) Noncontrolling interests discount accretion 22.7 22.7 25.4 Adjustments to redemption value 98.6 47.1 37.2 Cash distributions (1.5) (2.6) (4.2) Ending balance $ 321.2 $ 219.1 $ 167.8 Redeemable noncontrolling interests (included in temporary equity on the consolidated balance sheets) relate to the November 12, 2015 acquisition of a controlling interest in Pilgrim Media Group and the May 29, 2018 acquisition of a controlling interest in 3 Arts Entertainment. 3 Arts Entertainment. In connection with the acquisition of a controlling interest in 3 Arts Entertainment on May 29, 2018, the Company recorded a non-compensatory (see below) redeemable noncontrolling interest of $15.8 million, representing the noncontrolling interest holders' 49% equity interest in 3 Arts Entertainment. The noncontrolling interest holders have a right to put the noncontrolling interest of 3 Arts Entertainment, at fair value, exercisable beginning May 29, 2023, for a 60 day period. Beginning 30 days after the expiration of the exercise period for the put rights held by the noncontrolling interest holders, the Company has a right to call the noncontrolling interest of 3 Arts Entertainment, at fair value, for a 60 day period. The put and call options have been determined to be embedded in the noncontrolling interest, and because the put rights are outside the control of the Company, the noncontrolling interest holder's interest is presented as redeemable noncontrolling interest outside of shareholders' equity on the Company's consolidated balance sheets. In addition, the noncontrolling interest holders have continued as employees of 3 Arts Entertainment. Pursuant to the various 3 Arts Entertainment acquisition and related agreements, a portion of the noncontrolling interest holders' participation in the put and call proceeds is based on the noncontrolling interest holders' performance during the period. Further, if the employment of a noncontrolling interest holder is terminated, under certain circumstances, their participations in distributions cease and the put and call value is discounted from the fair value of their equity ownership percentage. Accordingly, earned distributions are accounted for as compensation and are being expensed within general and administrative expense as incurred. Additionally, the amount of the put and call proceeds subject to the discount is also accounted for as compensation, and is being amortized over the vesting period within general and administrative expense and reflected as an addition to redeemable noncontrolling interest. A portion of the purchase price of the controlling interest in 3 Arts Entertainment, up to $38.3 million, may be recoupable for a five-year period commencing on the acquisition date of May 29, 2018, contingent upon the continued employment of certain employees, or the achievement of certain EBITDA targets, as defined in the 3 Arts Entertainment acquisition and related agreements. Accordingly, $38.3 million was initially recorded as a deferred compensation arrangement within other current and non-current assets and is being amortized in general and administrative expenses over a five-year period. Pilgrim Media Group. In connection with the acquisition of a controlling interest in Pilgrim Media Group on November 12, 2015, the Company recorded a redeemable noncontrolling interest of $90.1 million, representing 37.5% of Pilgrim Media Group. Pursuant to an amendment dated April 2, 2021, the put and call rights associated with the noncontrolling interest were extended and modified, such that the noncontrolling interest holder has a right to put and the Company has a right to call a portion of the noncontrolling interest, equal to 25% of Pilgrim Media Group, at fair value, exercisable for thirty (30) days beginning November 12, 2022. In addition, the noncontrolling interest holder has a right to put and the Company has a right to call the remaining amount of noncontrolling interest at fair value, subject to a cap, exercisable for thirty (30) days beginning November 12, 2024, as amended. The put and call options have been determined to be embedded in the noncontrolling interest, and because the put rights are outside the control of the Company and require partial cash settlement, the noncontrolling interest holder's interest is presented as redeemable noncontrolling interest outside of shareholders' equity on the Company's consolidated balance sheets. In addition, the noncontrolling interest holder is the President and CEO of Pilgrim Media Group. Pursuant to the original operating agreement of Pilgrim Media Group, if the employment of the noncontrolling interest holder was terminated, under certain circumstances as defined in the operating agreement, the Company could call and the noncontrolling interest holder could put the noncontrolling interest at a discount to fair value, which was being expensed over the call periods in the original operating agreement. Pursuant to the amendment to the operating agreement on April 2, 2021, this discount was eliminated and therefore the remaining unamortized discount of $2.7 million was expensed in the first quarter ended June 30, 2021. The amortization of the discount through June 30, 2021 was included in general and administrative expense of Pilgrim Media Group for the year ended March 31, 2022, and reflected as an addition to redeemable noncontrolling interest. Redeemable noncontrolling interests are measured at the greater of (i) the redemption amount that would be paid if settlement occurred at the balance sheet date less the amount attributed to unamortized noncontrolling interest discount if applicable, or (ii) the historical value resulting from the original acquisition date value plus or minus any earnings or loss attribution, plus the amount of amortized noncontrolling interest discount, less the amount of cash distributions that are not accounted for as compensation, if any. The amount of the redemption value in excess of the historical values of the noncontrolling interest, if any, is recognized as an increase to redeemable noncontrolling interest and a charge to retained earnings or accumulated deficit. Other Noncontrolling Interests The Company has other immaterial noncontrolling interests that are not redeemable.

Revenue

Revenue	12 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Revenue by Segment, Market or Product Line The table below presents revenues by segment, market or product line for the fiscal years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Revenue by Type: Motion Picture Theatrical $ 65.3 $ 12.0 $ 355.6 Home Entertainment Digital Media 497.1 461.5 447.9 Packaged Media 115.0 139.5 256.9 Total Home Entertainment 612.1 601.0 704.8 Television 257.9 230.2 247.1 International 234.4 217.0 341.0 Other 15.6 20.9 22.4 Total Motion Picture revenues 1,185.3 1,081.1 1,670.9 Television Production Television 1,094.5 474.0 715.7 International 256.5 164.5 152.7 Home Entertainment Digital Media 85.1 127.1 57.4 Packaged Media 6.9 5.7 3.4 Total Home Entertainment 92.0 132.8 60.8 Other 88.0 60.5 72.1 Total Television Production revenues 1,531.0 831.8 1,001.3 Media Networks - Programming Revenues Domestic (1) 1,428.9 1,497.2 1,463.9 International 107.3 65.5 22.9 1,536.2 1,562.7 1,486.8 Intersegment eliminations (648.2) (204.1) (269.0) Total revenues $ 3,604.3 $ 3,271.5 $ 3,890.0 __________________ (1) Media Networks domestic revenues for the years ended March 31, 2021 and 2020 include revenue from the Company's former Other Streaming Services product line of $50.3 million and $33.8 million, respectively, substantially all of which related to the Company's former interest in Pantaya, which was sold on March 31, 2021 (see Note 2). Remaining Performance Obligations Remaining performance obligations represent deferred revenue on the balance sheet plus fixed fee or minimum guarantee contracts where the revenue will be recognized and the cash received in the future (i.e., backlog). Revenues expected to be recognized in the future related to performance obligations that are unsatisfied at March 31, 2022 are as follows: Year Ending March 31, 2023 2024 2025 Thereafter Total (Amounts in millions) Remaining Performance Obligations $ 1,067.0 $ 283.8 $ 231.0 $ 186.7 $ 1,768.5 The above table does not include estimates of variable consideration for transactions involving sales or usage-based royalties in exchange for licenses of intellectual property. The revenues included in the above table include all fixed fee contracts regardless of duration. Revenues of $229.3 million, including variable and fixed fee arrangements, were recognized during the year ended March 31, 2022 from performance obligations satisfied prior to March 31, 2021. These revenues were primarily associated with the distribution of television and theatrical product in electronic sell-through and video-on-demand formats, and to a lesser extent, the distribution of theatrical product in the domestic and international markets related to films initially released in prior periods. Accounts Receivable, Contract Assets and Deferred Revenue The timing of revenue recognition, billings and cash collections affects the recognition of accounts receivable, contract assets and deferred revenue (see Note 1). At March 31, 2022 and 2021, accounts receivable, contract assets and deferred revenue are as follows: Item Balance Sheet Location March 31, March 31, Addition (Reduction) (Amounts in millions) Accounts receivable, net - current Accounts receivable, net $ 442.2 $ 383.7 $ 58.5 Accounts receivable, net - non-current Other assets - non-current 39.0 49.4 (10.4) Contract asset - current Other assets - current (1) 40.5 25.6 14.9 Contract asset - non-current Other assets - non-current (1) 9.3 10.3 (1.0) Deferred revenue - current Deferred revenue - current 174.9 165.7 9.2 Deferred revenue - non-current Deferred revenue - non-current 49.8 56.2 (6.4) __________________ (1) Included in prepaid expenses and other (see Note 19). Accounts Receivable. Accounts receivable are presented net of a provision for doubtful accounts. The Company estimates provisions for accounts receivable based on historical experience for the respective risk categories and current and future expected economic conditions. To assess collectibility, the Company analyzes market trends, economic conditions, the aging of receivables and customer specific risks, and records a provision for estimated credit losses expected over the lifetime of the receivables in direct operating expense. The Company performs ongoing credit evaluations and monitors its credit exposure through active review of customers' financial condition, aging of receivable balances, historical collection trends, and expectations about relevant future events that may significantly affect collectibility. The Company generally does not require collateral for its trade accounts receivable. Changes in the provision for doubtful accounts consisted of the following: March 31, 2021 Provision for doubtful accounts (1) Uncollectible accounts written-off March 31, (Amounts in millions) Trade accounts receivable $ 6.5 $ 5.3 $ (0.3) $ 11.5 _______________________ (1) Represents a provision for doubtful accounts of $5.9 million for accounts receivable from customers in Russia related to Russia's invasion of Ukraine, offset by collections on accounts receivable previously reserved. Contract Assets. Contract assets relate to the Company’s conditional right to consideration for completed performance under the contract (e.g., unbilled receivables). Amounts relate primarily to contractual payment holdbacks in cases in which the Company is required to deliver additional episodes or seasons of television content in order to receive payment, complete certain administrative activities, such as guild filings, or allow the Company's customers' audit rights to expire. The change in balance of contract assets is primarily due to the satisfaction of the condition related to payment holdbacks. Deferred Revenue. Deferred revenue relates primarily to customer cash advances or deposits received prior to when the Company satisfies the corresponding performance obligation. Revenues of $146.2 million were recognized during the year ended March 31, 2022, related to the balance of deferred revenue at March 31, 2021.

Capital Stock

Capital Stock	12 Months Ended
	Mar. 31, 2022
Equity and Share-based Compensation [Abstract]
Capital Stock	Capital Stock (a) Common Shares The Company had 500 million authorized Class A voting shares and 500 million authorized Class B non-voting shares, at March 31, 2022 and March 31, 2021. The table below outlines common shares reserved for future issuance: March 31, March 31, (Amounts in millions) Stock options and Share Appreciation Rights outstanding 27.6 26.7 Restricted share units and restricted stock — unvested 7.9 9.1 Common shares available for future issuance 18.4 15.6 Shares reserved for future issuance 53.9 51.4 (b) Share Repurchases On February 2, 2016, the Company's Board of Directors authorized the Company to increase its previously announced share repurchase plan from a total authorization of $300 million to $468 million. During the fiscal year ended March 31, 2022, the Company did not repurchase any common shares. During the fiscal year ended March 31, 2021, the Company repurchased 0.2 million of its Class A voting shares for an aggregate cost of $1.0 million, with an average repurchase price per share of $5.75. During the fiscal year ended March 31, 2020, the Company repurchased 0.7 million of its Class A voting shares for an aggregate cost of $3.8 million, with an average repurchase price per share of $5.43. To date, approximately $288.1 million common shares have been repurchased, leaving approximately $179.9 million of authorized potential repurchases. (c) Share-based Compensation General. On September 10, 2019, the Company’s shareholders approved the Lions Gate Entertainment Corp. 2019 Performance Incentive Plan (the “2019 Plan”) previously adopted by the Board of Directors (the “Board”) of the Company. The types of awards that may be granted under the 2019 Plan include stock options, share appreciation rights, restricted stock, restricted share units, stock bonuses and other forms of awards granted or denominated in the Company’s Class A voting shares and the Company’s Class B non-voting shares ("Common Shares") or units of Common Shares, as well as certain cash bonus awards. Persons eligible to receive awards under the 2019 Plan include directors of the Company, officers or employees of the Company or any of its subsidiaries, and certain consultants and advisors to the Company or any of its subsidiaries. On September 14, 2021, the Company’s shareholders approved an amendment to the 2019 Plan previously adopted by the Board of Directors of the Company to increase the maximum number of the Company’s common shares that may be issued or transferred pursuant to awards under the 2019 Plan by an additional 5.0 million shares so that the new aggregate share limit under the 2019 Plan is 21.1 million common shares (not including shares that were originally approved for issuance under the Company’s prior stock incentive plans that have become available for issuance under the 2019 Plan pursuant to the terms of the 2019 Plan). Stock options are generally granted at exercise prices equal to or exceeding the market price of the Company's Common Shares at the date of grant. Substantially all stock options vest ratably over one seven one The measurement of all share-based awards uses a fair value method and the recognition of the related share-based compensation expense in the consolidated financial statements is recorded over the requisite service period. Further, the Company estimates forfeitures for share-based awards that are not expected to vest. As share-based compensation expense recognized in the Company’s consolidated financial statements is based on awards ultimately expected to vest, it has been reduced for estimated forfeitures. Exchange Program. On January 10, 2020, the Company’s Board of Directors authorized, and on April 2, 2020, the Company’s shareholders approved, a stock option and share appreciation rights exchange program (the “Exchange Program”) that permitted certain current employees to exchange certain outstanding stock options and share appreciation rights with exercise prices substantially above the current market price of the Company’s Class A voting shares and the Company’s Class B non-voting shares for a lesser number of stock options and share appreciation rights that have a fair value that is lower than the fair value of the “out of the money” stock options and share appreciation rights. The program began on April 9, 2020 and was completed on May 7, 2020. As a result of this program 1.1 million outstanding eligible stock options and share appreciation rights of Class A voting shares were exchanged for 0.1 million new stock options and share appreciation rights at an exercise price of $7.70 per share and 4.3 million outstanding eligible stock options and share appreciation rights of Class B non-voting shares were exchanged for 0.8 million new stock options and share appreciation rights at an exercise price of $7.13. There was no incremental compensation expense recorded by the Company as a result of the Exchange Program. Share-Based Compensation Expense. The Company recognized the following share-based compensation expense during the years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Compensation Expense: Stock options $ 19.2 $ 18.7 $ 17.8 Restricted share units and other share-based compensation 73.4 58.8 29.1 Share appreciation rights 7.4 8.0 3.1 100.0 85.5 50.0 Impact of accelerated vesting on equity awards (1) — 3.5 0.6 Total share-based compensation expense $ 100.0 $ 89.0 $ 50.6 Tax impact (2) (19.7) (17.8) (10.7) Reduction in net income $ 80.3 $ 71.2 $ 39.9 ___________________ (1) Represents the impact of the acceleration of certain vesting schedules for equity awards pursuant to certain severance arrangements. (2) Represents the income tax benefit recognized in the statements of operations for share-based compensation arrangements prior to the effects of changes in the valuation allowance. Share-based compensation expense, by expense category, consisted of the following: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Share-Based Compensation Expense: Direct operating $ 1.2 $ 2.0 $ 1.0 Distribution and marketing 0.5 0.6 0.5 General and administration 98.3 82.9 48.5 Restructuring and other — 3.5 0.6 $ 100.0 $ 89.0 $ 50.6 Stock Options The following table sets forth the stock option, and share appreciation rights ("SARs") activity during the year ended March 31, 2022: Stock Options and SARs Class A Voting Shares Class B Non-Voting Shares Number of Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (years) Aggregate Intrinsic Value Number of Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (years) Aggregate Intrinsic Value (Amounts in millions, except for weighted-average exercise price and years) Outstanding at March 31, 2021 5.5 $24.23 21.2 $15.85 Granted — — 2.0 (1) $12.12 Exercised — (2) $10.52 (0.4) $11.19 Forfeited or expired (0.1) $24.31 (0.6) $24.49 Outstanding at March 31, 2022 5.4 $24.34 2.62 $ 0.7 22.2 $15.36 6.00 $ 50.7 Vested or expected to vest at March 31, 2022 5.4 $24.35 2.62 $ 0.7 22.1 $15.40 5.98 $ 49.8 Exercisable at March 31, 2022 4.8 $24.80 2.62 $ 0.3 14.5 $18.00 4.94 $ 16.8 _____________________ (1) During the year ended March 31, 2022, the Company granted 0.3 million SARs. (2) Represents less than 0.1 million shares. The fair value of each option award is estimated on the date of grant using a closed-form option valuation model (Black-Scholes). The following table presents the weighted average grant-date fair value of options granted in the years ended March 31, 2022, 2021 and 2020, and the weighted average applicable assumptions used in the Black-Scholes option-pricing model for stock options and share-appreciation rights granted during the years then ended: Year Ended March 31, 2022 2021 2020 Weighted average fair value of grants $6.27 $3.10 $2.08 Weighted average assumptions: Risk-free interest rate (1) 0.8% - 2.5% 0.2% - 0.9% 0.2% - 2.5% Expected option lives (in years) (2) 3.3 - 7 years 2.5 - 7 years 0.4 - 7 years Expected volatility for options (3) 42% - 44% 37% - 42% 34% - 40% Expected dividend yield (4) 0% 0% 0% ____________________________ (1) The risk-free rate assumed in valuing the options is based on the U.S. Treasury Yield curve in effect applied against the expected term of the option at the time of the grant. (2) The expected term of options granted represents the period of time that options granted are expected to be outstanding. (3) Expected volatilities are based on implied volatilities from traded options on the Company’s shares, historical volatility of the Company’s shares and other factors. (4) The expected dividend yield is estimated by dividing the expected annual dividend by the market price of the Company's shares at the date of grant. The total intrinsic value of options exercised during the year ended March 31, 2022 was $2.3 million (2021 — $1.7 million, 2020 — $0.3 million). During the year ended March 31, 2022, less than 0.1 million shares (2021 — less than 0.1 million shares, 2020 — none) were cancelled to fund withholding tax obligations upon exercise of options. Restricted Share Units The following table sets forth the restricted share unit and restricted stock activity during the year ended March 31, 2022: Restricted Share Units and Restricted Stock Class A Voting Shares Weighted-Average Grant-Date Fair Value Class B Non-Voting Shares Weighted-Average Grant-Date Fair Value (Amounts in millions, except for weighted-average grant date fair value) Outstanding at March 31, 2021 — (1) $11.10 9.1 $8.71 Granted — (1) $13.16 5.1 $14.10 Vested — (1) $12.05 (5.7) $9.10 Forfeited — — (0.6) $10.00 Outstanding at March 31, 2022 — (1) $11.51 7.9 $11.87 __________________ (1) Represents less than 0.1 million shares. The fair values of restricted share units and restricted stock are determined based on the market value of the shares on the date of grant. The total fair value of restricted share units and restricted stock vested during the year ended March 31, 2022 was $67.8 million (2021 - $35.3 million, 2020 - $18.7 million). The following table summarizes the total remaining unrecognized compensation cost as of March 31, 2022 related to non-vested stock options and restricted stock and restricted share units and the weighted average remaining years over which the cost will be recognized: Total Weighted (Amounts in millions) Stock Options $ 17.4 1.0 Restricted Share Units and Restricted Stock 49.5 1.4 Total $ 66.9 Under the Company’s stock option and long term incentive plans, the Company withholds shares to satisfy minimum statutory federal, state and local tax withholding obligations arising from the vesting of restricted share units and restricted stock. During the year ended March 31, 2022, 2.3 million shares (2021 — 0.9 million shares, 2020 — 0.4 million shares) were withheld upon the vesting of restricted share units and restricted stock. The Company becomes entitled to an income tax deduction in an amount equal to the taxable income reported by the holders of the stock options and restricted share units when vesting or exercise occurs, the restrictions are released and the shares are issued. Restricted share units are forfeited if the employees are terminated prior to vesting. The Company recognized excess tax benefits of $14.9 million associated with its equity awards in its tax provision for the year ended March 31, 2022 (2021 — deficiencies of $12.1 million, 2020 — deficiencies of $11.3 million). Other Share-Based Compensation Pursuant to the terms of certain employment agreements, during the year ended March 31, 2022, the Company granted the equivalent of $2.3 million (2021 - $2.3 million, 2020 - $2.3 million) in shares to certain employees through the term of their employment contracts, which were recorded as compensation expense in the applicable period. Pursuant to this arrangement, for the year ended March 31, 2022, the Company issued 0.1 million shares (2021 - 0.3 million shares, 2020 - 0.2 million shares), net of shares withheld to satisfy minimum tax withholding obligations. (d) Other

Income Taxes

Income Taxes	12 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The components of pretax income (loss), net of intercompany eliminations, are as follows: Year Ended March 31, 2022 2021 2020 (Amounts in millions) United States $ (359.2) $ (246.3) $ (453.3) International 182.2 228.9 250.2 $ (177.0) $ (17.4) $ (203.1) The Company's U.S. pre-tax losses and international pre-tax income are primarily driven by non-operating, intercompany items resulting from the Company's internal capital structure. The Company's capital structure generally provides foreign affiliate dividends to its Canadian parent company (i.e., Lionsgate) and interest-related tax deductions to its U.S. companies. The Company's international pre-tax income may be significantly impacted by these foreign affiliate dividends related to its internal capital structure. The Company’s current and deferred income tax provision (benefits) are as follows: Year Ended March 31, 2022 2021 2020 Current provision (benefit): (Amounts in millions) Federal $ 11.0 $ 5.0 $ (0.6) States 10.7 2.9 3.0 International 8.4 5.8 1.8 Total current provision (benefit) $ 30.1 $ 13.7 $ 4.2 Deferred provision (benefit): Federal $ 0.9 $ 1.1 $ (18.5) States (2.6) 2.3 (1.8) International — — 19.4 Total deferred provision (benefit) (1.7) 3.4 (0.9) Total provision for income taxes $ 28.4 $ 17.1 $ 3.3 The Company's income tax provision differs from the federal statutory rate multiplied by pre-tax income (loss) due to the mix of the Company's pre-tax income (loss) generated across the various jurisdictions in which the Company operates and the tax deductions generated by the Company's capital structure. The Company's income tax provision for the fiscal years ended March 31, 2022, March 31, 2021 and March 31, 2020 was impacted by changes in the valuation allowances against certain U.S. and foreign deferred tax assets, certain minimum taxes and foreign withholding taxes. The Company's income tax provision for fiscal 2022 was also impacted by an interest accrual on uncertain tax benefits, additional uncertain tax benefits related to state income taxes identified during state audits, and the release of uncertain tax benefits due to the close of audits or expiration of statutory limitations. The Company's income tax provision for fiscal 2021 and fiscal 2020 was also impacted by the release of uncertain tax benefits due to the close of audits or expiration of statutory limitations and additional settlements with tax authorities. The Company's income tax provision can be affected by many factors, including the overall level of pre-tax income, the mix of pre-tax income generated across the various jurisdictions in which the Company operates, changes in tax laws and regulations in those jurisdictions, changes in uncertain tax positions, changes in valuation allowances on its deferred tax assets, tax planning strategies available to the Company, and other discrete items. Although the Company is incorporated under Canadian law, the majority of its global operations are currently subject to tax in the U.S. As a result, the Company believes it is more appropriate to use the U.S. Federal statutory rate in its reconciliation of the statutory rate to its reported income tax rate. The differences between income taxes expected at U.S. statutory income tax rates and the income tax provision are as set forth below: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Income taxes computed at Federal statutory rate $ (37.2) $ (3.7) $ (42.6) Foreign affiliate dividends (35.2) (35.2) (35.2) Foreign operations subject to different income tax rates 50.0 47.4 51.4 State income tax 8.1 5.2 1.2 Gain on sale of Pantaya — 13.8 — Remeasurements of originating deferred tax assets and liabilities (1.3) 4.2 (6.9) Permanent differences 0.8 0.9 1.6 Nondeductible share based compensation (3.3) 27.1 15.0 Nondeductible officers compensation 5.6 7.3 2.6 Non-controlling interest in partnerships 3.7 3.3 3.8 Nondeductible interest expense — 3.5 — Uncertain tax benefits 3.6 0.6 (3.2) Other 1.2 (0.3) (2.4) Changes in valuation allowance 32.4 (57.0) 18.0 Total provision for income taxes $ 28.4 $ 17.1 $ 3.3 For the fiscal years ended March 31, 2022, 2021 and 2020, our total provision for income taxes includes certain foreign affiliate dividends that can be received in our Canadian jurisdiction without being subject to tax under local tax law. As a result of an internal capital restructuring during the year ended March 31, 2019, the Company generated a net operating loss carryforward under local law in another foreign jurisdiction which was offset by a valuation allowance based on the Company’s assessment and which is being absorbed by taxable income annually. The income tax effects of temporary differences between the book value and tax basis of assets and liabilities are as follows: March 31, 2022 March 31, 2021 (Amounts in millions) Deferred tax assets: Net operating losses $ 496.9 $ 451.2 Foreign tax credits 76.8 77.3 Investment in film and television programs 14.5 41.8 Accrued compensation 56.7 65.0 Operating leases - liabilities 39.2 29.0 Other assets 19.6 47.8 Reserves 10.2 16.5 Accrued interest 10.6 33.1 Total deferred tax assets 724.5 761.7 Valuation allowance (362.8) (350.9) Deferred tax assets, net of valuation allowance 361.7 410.8 Deferred tax liabilities: Intangible assets (351.9) (385.6) Fixed assets — (0.1) Accounts receivable — (40.5) Operating leases - assets (34.5) (22.8) Other (14.1) (2.1) Total deferred tax liabilities $ (400.5) $ (451.1) Net deferred tax liabilities $ (38.8) $ (40.3) The Company has recorded valuation allowances for certain deferred tax assets, which are primarily related to U.S. and foreign net operating loss carryforwards and U.S. foreign tax credit carryforwards as sufficient uncertainty exists regarding the future realization of these assets. At March 31, 2022, the Company had U.S. net operating loss carryforwards ("NOLs") of approximately $1,602.2 million available to reduce future federal income taxes which expire beginning in 2029 through 2042. At March 31, 2022, the Company had state NOLs of approximately $910.6 million available to reduce future state income taxes which expire in varying amounts beginning in 2023. At March 31, 2022, the Company had Canadian loss carryforwards of $3.9 million which will expire beginning in 2028. At March 31, 2022, the Company had Luxembourg loss carryforwards of $413.0 million which will expire beginning in 2036. At March 31, 2022, the Company had other foreign jurisdiction loss carryforwards of $12.8 million which will expire beginning in 2028. In addition, at March 31, 2022, the Company had U.S. credit carryforwards related to foreign taxes paid of approximately $76.8 million to offset future federal income taxes that will expire beginning in 2023. The following table summarizes the changes to the gross unrecognized tax benefits, exclusive of interest and penalties, for the years ended March 31, 2022, 2021, and 2020: Amounts Gross unrecognized tax benefits at March 31, 2019 $ 16.8 Increases related to current year tax position — Increases related to prior year tax positions — Decreases related to prior year tax positions (4.0) Settlements (0.5) Lapse in statute of limitations (0.8) Gross unrecognized tax benefits at March 31, 2020 11.5 Increases related to current year tax position 60.7 Increases related to prior year tax positions 3.1 Decreases related to prior year tax positions — Settlements (1.9) Lapse in statute of limitations (5.4) Gross unrecognized tax benefits at March 31, 2021 68.0 Increases related to current year tax position — Increases related to prior year tax positions 2.6 Decreases related to prior year tax positions — Settlements — Lapse in statute of limitations (0.4) Gross unrecognized tax benefits at March 31, 2022 $ 70.2 For the years ended March 31, 2022, 2021, and 2020, the Company recognized net interest and penalties related to uncertain tax positions of $6.0 million, $1.2 million, and $0.6 million, respectively. The Company recorded liabilities for accrued interest of $13.2 million and $7.3 million as of March 31, 2022 and 2021, respectively. The Company records interest and penalties on unrecognized tax benefits as part of its income tax provision. The total amount of unrecognized tax benefits as of March 31, 2022 that, if realized, would affect the Company's tax provision are $80.2 million. The Company estimates the liability for unrecognized tax benefits will decrease in the next twelve months by $79.9 million as a result of projected audit settlements in certain jurisdictions.

Restructuring and Other

Restructuring and Other	12 Months Ended
	Mar. 31, 2022
Restructuring and Related Activities [Abstract]
Restructuring and Other	Restructuring and OtherRestructuring and other includes restructuring and severance costs, certain transaction and related costs, and certain unusual items, when applicable. During the years ended March 31, 2022, 2021 and 2020, the Company also incurred certain other unusual charges, which are included in direct operating and distribution and marketing expense in the consolidated statements of operations and are described below. The following table sets forth restructuring and other and these other unusual charges and the statement of operations line items they are included in for the years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Restructuring and other: Severance (1) Cash $ 4.6 $ 14.8 $ 12.3 Accelerated vesting on equity awards (see Note 13) — 3.5 0.6 Total severance costs 4.6 18.3 12.9 COVID-19 related charges included in restructuring and other (2) 1.1 3.0 0.3 Transaction and related costs (3) 11.1 3.4 11.1 Total Restructuring and Other 16.8 24.7 24.3 Other unusual charges not included in restructuring and other: Programming and content charges included in direct operating expense (4) 36.9 — 76.5 COVID-19 related charges (benefit) included in: Direct operating expense (5) (3.6) 50.6 46.0 Distribution and marketing expense (5) 0.2 16.9 4.2 Charges related to Russia's invasion of Ukraine included in direct operating expense (6) 5.9 — — Total restructuring and other and other unusual charges not included in restructuring and other $ 56.2 $ 92.2 $ 151.0 _______________________ (1) Severance costs in the fiscal years ended March 31, 2022, 2021 and 2020 were primarily related to restructuring activities in connection with cost-saving initiatives. (2) Amounts represent certain incremental general and administrative costs associated with the COVID-19 global pandemic, such as costs related to transitioning the Company to a remote-work environment, costs associated with return-to-office safety protocols, and other incremental general and administrative costs associated with the COVID-19 global pandemic. (3) Transaction and related costs in the fiscal years ended March 31, 2022, 2021 and 2020 reflect transaction, integration and legal costs associated with certain strategic transactions, restructuring activities and legal matters. (4) Amounts represent certain unusual programming and content charges, see Note 3 for further information. (5) In connection with the disruptions associated with the COVID-19 global pandemic and measures to prevent its spread and mitigate its effects both domestically and internationally, and the related economic disruption, including the worldwide closure of theaters, international travel restrictions and the pausing of motion picture and television productions, certain incremental costs were incurred and expensed. The charges (benefit) included in direct operating expense includes incremental costs associated with the pausing and restarting of productions including paying/hiring certain cast and crew, maintaining idle facilities and equipment costs resulting from circumstances associated with the COVID-19 global pandemic, net of insurance recoveries. In fiscal 2021 and 2020, these charges also included film impairment due to changes in performance expectations resulting from circumstances associated with the COVID-19 global pandemic. In the fiscal year ended March 31, 2022, insurance recoveries exceeded the incremental costs expensed in the year, resulting in a net benefit included in direct operating expense. The costs included in distribution and marketing expense primarily consist of contractual marketing spends for film releases and events that have been canceled or delayed and will provide no economic benefit. The Company is in the process of seeking additional insurance recovery for some of these costs. The ultimate amount of insurance recovery cannot be estimated at this time. (6) Amounts represent charges related to Russia's invasion of Ukraine, primarily related to bad debt reserves for accounts receivable from customers in Russia, included in direct operating expense in the consolidated statements of operations. Changes in the restructuring and other severance liability were as follows for the years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Severance liability Beginning balance $ 5.7 $ 11.1 $ 21.2 Accruals 4.6 14.8 12.3 Severance payments (8.8) (20.2) (22.4) Ending balance (1) $ 1.5 $ 5.7 $ 11.1 _______________________

Segment Information

Segment Information	12 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information The Company’s reportable segments have been determined based on the distinct nature of their operations, the Company's internal management structure, and the financial information that is evaluated regularly by the Company's chief operating decision maker. The Company has three reportable business segments: (1) Motion Picture, (2) Television Production and (3) Media Networks. We refer to our Motion Picture and Television Production segments collectively as our Studio Business. Studio Business: Motion Picture. Motion Picture consists of the development and production of feature films, acquisition of North American and worldwide distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and worldwide licensing of distribution rights to feature films produced and acquired. Television Production. Television Production consists of the development, production and worldwide distribution of television productions including television series, television movies and mini-series, and non-fiction programming. Television Production includes the licensing of Starz original series productions to Starz Networks and STARZPLAY International, and the ancillary market distribution of Starz original productions and licensed product. Additionally, the Television Production segment includes the results of operations of 3 Arts Entertainment. Media Networks Business: Media Networks. Media Networks consists of the following product lines (i) Starz Networks, which includes the domestic distribution of STARZ branded premium subscription video services through OTT platforms and Distributors and on a direct-to-consumer basis through the Starz App and (ii) STARZPLAY International, which represents revenues primarily from the OTT distribution of the Company's STARZ branded premium subscription video services outside of the U.S. Through March 31, 2021, Media Networks also included Other Streaming Services, which represented primarily the Company's formerly majority owned premium Spanish language streaming services business, Pantaya. The Company sold its interest in Pantaya on March 31, 2021 (see Note 2). In the ordinary course of business, the Company's reportable segments enter into transactions with one another. The most common types of intersegment transactions include licensing motion pictures or television programming (including Starz original productions) from the Motion Picture and Television Production segments to the Media Networks segment. While intersegment transactions are treated like third-party transactions to determine segment performance, the revenues (and corresponding expenses, assets, or liabilities recognized by the segment that is the counterparty to the transaction) are eliminated in consolidation and, therefore, do not affect consolidated results. Segment information is presented in the table below: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Segment revenues Studio Business: Motion Picture $ 1,185.3 $ 1,081.1 $ 1,670.9 Television Production 1,531.0 831.8 1,001.3 Total Studio Business 2,716.3 1,912.9 2,672.2 Media Networks 1,536.2 1,562.7 1,486.8 Intersegment eliminations (648.2) (204.1) (269.0) $ 3,604.3 $ 3,271.5 $ 3,890.0 Intersegment revenues Studio Business: Motion Picture $ 38.0 $ 19.8 $ 17.7 Television Production 610.2 184.3 248.9 Total Studio Business 648.2 204.1 266.6 Media Networks — — 2.4 $ 648.2 $ 204.1 $ 269.0 Gross contribution Studio Business: Motion Picture $ 356.0 $ 401.8 $ 313.5 Television Production 124.1 126.3 90.7 Total Studio Business 480.1 528.1 404.2 Media Networks 243.2 383.4 380.5 Intersegment eliminations (2.7) (14.1) 6.8 $ 720.6 $ 897.4 $ 791.5 Segment general and administration Studio Business: Motion Picture $ 93.1 $ 106.2 $ 104.8 Television Production 40.2 42.7 37.3 Total Studio Business 133.3 148.9 142.1 Media Networks 88.0 93.9 87.5 $ 221.3 $ 242.8 $ 229.6 Segment profit Studio Business: Motion Picture $ 262.9 $ 295.6 $ 208.7 Television Production 83.9 83.6 53.4 Total Studio Business 346.8 379.2 262.1 Media Networks 155.2 289.5 293.0 Intersegment eliminations (2.7) (14.1) 6.8 $ 499.3 $ 654.6 $ 561.9 The Company's primary measure of segment performance is segment profit. Segment profit is defined as gross contribution (revenues, less direct operating and distribution and marketing expense) less segment general and administration expenses. Segment profit excludes, when applicable, corporate general and administrative expense, restructuring and other costs, share-based compensation, certain programming and content charges as a result of changes in management and/or programming and content strategy, certain charges related to the COVID-19 global pandemic, charges related to Russia's invasion of Ukraine, and purchase accounting and related adjustments. The Company believes the presentation of segment profit is relevant and useful for investors because it allows investors to view segment performance in a manner similar to the primary method used by the Company's management and enables them to understand the fundamental performance of the Company's businesses. Media Networks gross contribution and segment profit for the fiscal year ended March 31, 2020 includes a benefit of $39.7 million in direct operating expenses associated with the modification of a content licensing arrangement, net of amortization for related changes in content availability and air dates. The reconciliation of total segment profit to the Company’s loss before income taxes is as follows: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Company’s total segment profit $ 499.3 $ 654.6 $ 561.9 Corporate general and administrative expenses (97.1) (113.7) (99.7) Gain on sale of Pantaya (1) — 44.1 — Adjusted depreciation and amortization (2) (43.0) (44.3) (41.8) Restructuring and other (3) (16.8) (24.7) (24.3) COVID-19 related benefit (charges) included in direct operating expense and distribution and marketing expense (4) 3.4 (67.5) (50.2) Programming and content charges (5) (36.9) — (76.5) Charges related to Russia's invasion of Ukraine (6) (5.9) — — Adjusted share-based compensation expense (7) (100.0) (85.5) (50.0) Purchase accounting and related adjustments (8) (194.0) (192.4) (216.6) Operating income 9.0 170.6 2.8 Interest expense (176.0) (181.5) (191.3) Interest and other income 30.8 5.8 8.8 Other expense (10.9) (6.7) (11.1) Gain (loss) on extinguishment of debt (28.2) — 5.4 Gain (loss) on investments 1.3 0.5 (0.5) Equity interests loss (3.0) (6.1) (17.2) Loss before income taxes $ (177.0) $ (17.4) $ (203.1) ___________________ (1) Represents the gain before income taxes on the sale of the Company's majority interest in Pantaya on March 31, 2021. This gain amount is net of $69.0 million of goodwill allocated from the Media Networks segment as required under the applicable accounting guidance. Pantaya was previously reflected in the Company's Media Networks segment. See Note 2 for further information. (2) Adjusted depreciation and amortization represents depreciation and amortization as presented on our consolidated statements of operations less the depreciation and amortization related to the non-cash fair value adjustments to property and equipment and intangible assets acquired in recent acquisitions which are included in the purchase accounting and related adjustments line item above, as shown in the table below: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Depreciation and amortization $ 177.9 $ 188.5 $ 197.7 Less: Amount included in purchase accounting and related adjustments (134.9) (144.2) (155.9) Adjusted depreciation and amortization $ 43.0 $ 44.3 $ 41.8 (3) Restructuring and other includes restructuring and severance costs, certain transaction and related costs, and certain unusual items, when applicable (see Note 15). (4) In connection with the disruptions associated with the COVID-19 global pandemic and measures to prevent its spread and mitigate its effects both domestically and internationally, during fiscal 2022, the Company has incurred a benefit of $3.4 million, net of insurance recoveries, in incremental direct operating and distribution and marketing expense (2021 - charges of $67.5 million; 2020 - charges of $50.2 million) (see Note 15). These charges are excluded from segment operating results. (5) Programming and content charges represent certain charges included in direct operating expense in the consolidated statements of operations, and excluded from segment operating results (see Note 3 and Note 15 for further information). (6) Amounts represent charges related to Russia's invasion of Ukraine, primarily related to bad debt reserves for accounts receivable from customers in Russia, included in direct operating expense in the consolidated statements of operations, and excluded from segment operating results. (7) The following table reconciles total share-based compensation expense to adjusted share-based compensation expense: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Total share-based compensation expense $ 100.0 $ 89.0 $ 50.6 Less: Amount included in restructuring and other (i) — (3.5) (0.6) Adjusted share-based compensation $ 100.0 $ 85.5 $ 50.0 (i) Represents share-based compensation expense included in restructuring and other expenses reflecting the impact of the acceleration of certain vesting schedules for equity awards pursuant to certain severance arrangements. (8) Purchase accounting and related adjustments primarily represent the amortization of non-cash fair value adjustments to certain assets acquired in recent acquisitions. These adjustments include the accretion of the noncontrolling interest discount related to Pilgrim Media Group and 3 Arts Entertainment, the amortization of the recoupable portion of the purchase price and the expense associated with the earned distributions related to 3 Arts Entertainment, all of which are accounted for as compensation and are included in general and administrative expense. The following sets forth the amounts included in each line item in the financial statements: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Purchase accounting and related adjustments: Direct operating $ 0.4 $ 1.0 $ 8.1 General and administrative expense 58.7 47.2 52.6 Depreciation and amortization 134.9 144.2 155.9 $ 194.0 $ 192.4 $ 216.6 See Note 12 for revenues by media or product line as broken down by segment for the fiscal years ended March 31, 2022, 2021, and 2020. The following table reconciles segment general and administration to the Company’s total consolidated general and administration expense: Year Ended March 31, 2022 2021 2020 (Amounts in millions) General and administration Segment general and administrative expenses $ 221.3 $ 242.8 $ 229.6 Corporate general and administrative expenses 97.1 113.7 99.7 Share-based compensation expense included in general and administrative expense 98.3 82.9 48.5 Purchase accounting and related adjustments 58.7 47.2 52.6 $ 475.4 $ 486.6 $ 430.4 The reconciliation of total segment assets to the Company’s total consolidated assets is as follows: March 31, March 31, (Amounts in millions) Assets Motion Picture $ 1,622.6 $ 1,212.4 Television Production 1,978.9 1,757.9 Media Networks 4,706.7 4,399.3 Other unallocated assets (1) 683.0 936.6 $ 8,991.2 $ 8,306.2 _____________________ (1) Other unallocated assets primarily consist of cash, other assets and investments. The following table sets forth acquisition of investment in films and television programs and program rights, as broken down by segment for the years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Acquisition of investment in films and television programs and program rights Motion Picture $ 465.0 $ 339.8 $ 349.8 Television Production 1,287.0 856.1 743.3 Media Networks 1,134.6 625.1 640.7 Intersegment eliminations (674.9) (204.3) (188.5) $ 2,211.7 $ 1,616.7 $ 1,545.3 The following table sets forth capital expenditures, as broken down by segment for the years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Capital expenditures Motion Picture $ — $ — $ — Television Production 0.4 0.4 1.2 Media Networks 27.0 24.9 22.4 Corporate (1) 5.7 9.7 7.5 $ 33.1 $ 35.0 $ 31.1 _____________________ (1) Represents unallocated capital expenditures primarily related to the Company's corporate headquarters. Revenue by geographic location, based on the location of the customers, with no other foreign country individually comprising greater than 10% of total revenue, is as follows: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Revenue Canada $ 56.8 $ 43.3 $ 43.9 United States 3,016.8 2,863.3 3,321.9 Other foreign 530.7 364.9 524.2 $ 3,604.3 $ 3,271.5 $ 3,890.0 Long-lived assets by geographic location are as follows: March 31, 2022 March 31, 2021 (Amounts in millions) Long-lived assets (1) United States $ 3,101.3 $ 2,279.7 Other foreign 164.2 162.2 $ 3,265.5 $ 2,441.9 _____________ (1) Long-lived assets represents total assets less the following: current assets, investments, long-term receivables, interest rate swaps, intangible assets, goodwill and deferred tax assets. For the year ended March 31, 2022, the Company had revenue from one individual customer which represented greater than 10% of consolidated revenues, amounting to $639.2 million, primarily related to the Company's Media Networks and Motion Picture segments (2021 - revenue from one individual customer which represented greater than 10% of consolidated revenues, amounting to $638.8 million, primarily related to the Company's Media Networks and Motion Picture segments; 2020 - revenue from one individual customer which represented greater than 10% of consolidated revenues, amounting to $438.6 million, primarily related to the Company's Media Networks and Motion Picture segments). As of March 31, 2022 and 2021, the Company did not have any accounts receivable due from customers which individually represented greater than 10% of total consolidated accounts receivable.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments The following table sets forth our future annual repayment of contractual commitments as of March 31, 2022: Year Ending March 31, 2023 2024 2025 2026 2027 Thereafter Total (Amounts in millions) Contractual commitments by expected repayment date (off-balance sheet arrangements) Film related obligations commitments (1) $ 510.9 $ 203.1 $ 64.7 $ 11.7 $ 2.6 $ 0.2 $ 793.2 Interest payments on corporate debt (2) 118.0 117.0 115.8 62.3 55.0 123.7 591.8 Other contractual obligations 147.5 58.9 38.1 26.0 25.3 92.1 387.9 Total future commitments under contractual obligations (3) $ 776.4 $ 379.0 $ 218.6 $ 100.0 $ 82.9 $ 216.0 $ 1,772.9 ____________________________ (1) Film related obligations commitments include distribution and marketing commitments, minimum guarantee commitments, program rights commitments, and production loan commitments not reflected on the consolidated balance sheets as they did not then meet the criteria for recognition, as described below: (i) Distribution and marketing commitments represent contractual commitments for future expenditures associated with distribution and marketing of films which we will distribute. The payment dates of these amounts are primarily based on the anticipated release date of the film. (ii) Minimum guarantee commitments represent contractual commitments related to the purchase of film rights for pictures to be delivered in the future. (iii) Program rights commitments represent contractual commitments under programming license agreements related to films that are not available for exhibition until some future date (see below for further details). (iv) Production loan commitments represent amounts committed for future film production and development to be funded through production financing and recorded as a production loan liability when incurred. Future payments under these commitments are based on anticipated delivery or release dates of the related film or contractual due dates of the commitment. The amounts include estimated future interest payments associated with the commitment. (2) Includes cash interest payments on the Company's corporate debt, excluding the interest payments on the revolving credit facility as future amounts are not fixed or determinable due to fluctuating balances and interest rates. (3) Not included in the amounts above are $321.2 million of redeemable noncontrolling interest, as future amounts and timing are subject to a number of uncertainties such that we are unable to make sufficiently reliable estimations of future payments (see Note 11). The Company is obligated to pay programming fees for all qualifying films that are released theatrically in the U.S. by Sony’s Columbia Pictures, Screen Gems, Sony Pictures Classics and TriStar labels through 2021. The Company does not license films produced by Sony Pictures Animation. The programming fees to be paid by the Company to Sony are based on the quantity and domestic theatrical exhibition receipts of qualifying films. The Company also has an exclusive multiyear post pay-one output licensing agreement with Universal for live-action films theatrically released in the U.S. starting January 1, 2022. The Universal agreement provides the Company with rights to exhibit these films immediately following their pay-one windows. The Company is unable to estimate the amounts to be paid under the Universal agreement for films that have not yet been released in theaters, however, such amounts are expected to be significant. Multiemployer Benefit Plans. The Company contributes to various multiemployer pension plans under the terms of collective bargaining agreements that cover its union-represented employees. The Company makes periodic contributions to these plans in accordance with the terms of applicable collective bargaining agreements and laws but does not sponsor or administer these plans. The risks of participating in these multiemployer pension plans are different from single-employer pension plans such that (i) contributions made by the Company to the multiemployer pension plans may be used to provide benefits to employees of other participating employers; (ii) if the Company chooses to stop participating in certain of these multiemployer pension plans, it may be required to pay those plans an amount based on the underfunded status of the plan, which is referred to as a withdrawal liability; and (iii) actions taken by a participating employer that lead to a deterioration of the financial health of a multiemployer pension plan may result in the unfunded obligations of the multiemployer pension plan to be borne by its remaining participating employers. The Company does not participate in any multiemployer benefit plans that are considered to be individually significant to the Company, and as of March 31, 2022, all except two of the largest plans in which the Company participates were funded at a level of 80% or greater. The other two plans, the Motion Picture Industry Pension Plan and the Screen Actors Guild - Producers Pension Plan were funded at 68.9% and 74.7%, respectively for the 2021 plan year, but neither of these plans were considered to be in endangered, critical, or critical and declining status in the 2021 plan year. Total contributions made by the Company to multiemployer pension and other benefit plans for the years ended March 31, 2022, 2021 and 2020 were $98.3 million, $73.8 million, and $55.5 million, respectively. If the Company ceases to be obligated to make contributions or otherwise withdraws from participation in any of these plans, applicable law requires the Company to fund its allocable share of the unfunded vested benefits, which is known as a withdrawal liability. In addition, actions taken by other participating employers may lead to adverse changes in the financial condition of one of these plans, which could result in an increase in the Company's withdrawal liability. Contingencies From time to time, the Company is involved in certain claims and legal proceedings arising in the normal course of business. The Company establishes an accrued liability for claims and legal proceedings when the Company determines that a loss is both probable and the amount of the loss can be reasonably estimated. Once established, accruals are adjusted from time to time, as appropriate, in light of additional information. The amount of any loss ultimately incurred in relation to matters for which an accrual has been established may be higher or lower than the amounts accrued for such matters. Due to the inherent difficulty of predicting the outcome of claims and legal proceedings, the Company often cannot predict what the eventual outcome of the pending matters will be, what the timing of the ultimate resolution of these matters will be, or what the eventual loss, if any, related to each pending matter may be. Accordingly, at this time, the Company has determined a loss related to these matters in excess of accrued liabilities is reasonably possible, however a reasonable estimate of the possible loss or range of loss cannot be made at this time. Insurance Litigation Between July 19, 2016 and August 30, 2016, seven putative class action complaints were filed by purported Starz stockholders in the Court of Chancery of the State of Delaware (the "Fiduciary Litigation"). On August 22, 2018, the parties to the Fiduciary Litigation reached an agreement in principle providing for the settlement of the Fiduciary Litigation on the terms and conditions set forth in an executed term sheet. On October 9, 2018, the parties to the Litigation executed a stipulation of settlement, which was filed with the court (the "Stipulation"). The Stipulation provided for, among other things, the final dismissal of the Fiduciary Litigation in exchange for a settlement payment made in the amount of $92.5 million, of which $37.8 million was reimbursed by insurance. The Fiduciary Litigation settlement was approved by the Court of Chancery of the State of Delaware and the settlement amount and insurance reimbursement discussed above were paid during the quarter ended December 31, 2018. On November 7, 2018, in support of its effort to obtain additional insurance reimbursements, the Company filed a lawsuit against certain insurers. Additionally, on November 5, 2018, an insurer that entered into an agreement and contributed $10.0 million to the Company's aggregate insurance reimbursement filed a lawsuit seeking declaratory judgment for reimbursement of its agreed upon payment. During the fiscal year ended March 31, 2022, the Company settled with all of the insurers in both lawsuits, which resulted in a net settlement amount derived by the Company during the year ended March 31, 2022 of $22.7 million, which is included in the “interest and other income” line item on the consolidated statement of operations.

Financial Instruments

Financial Instruments	12 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Financial Instruments (a) Credit Risk Concentration of credit risk with the Company’s customers is limited due to the Company’s customer base and the diversity of its sales throughout the world. The Company performs ongoing credit evaluations and maintains a provision for potential credit losses. The Company generally does not require collateral for its trade accounts receivable. (b) Derivative Instruments and Hedging Activities Forward Foreign Exchange Contracts The Company enters into forward foreign exchange contracts to hedge its foreign currency exposures on future production expenses and tax credit receivables denominated in various foreign currencies (i.e., cash flow hedges). The Company also enters into forward foreign exchange contracts that economically hedge certain of its foreign currency risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. The Company monitors its positions with, and the credit quality of, the financial institutions that are party to its financial transactions. Changes in the fair value of the foreign exchange contracts that are designated as hedges are reflected in accumulated other comprehensive income (loss), and changes in the fair value of foreign exchange contracts that are not designated as hedges and do not qualify for hedge accounting are recorded in direct operating expense. Gains and losses realized upon settlement of the foreign exchange contracts that are designated as hedges are amortized to direct operating expense on the same basis as the production expenses being hedged. As of March 31, 2022, the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 30 months from March 31, 2022): March 31, 2022 Foreign Currency Foreign Currency Amount US Dollar Amount Weighted Average Exchange Rate Per $1 USD (Amounts in millions) (Amounts in millions) British Pound Sterling 1.9 GBP in exchange for $2.5 0.75 GBP Hungarian Forint 4,089.2 HUF in exchange for $13.5 303.41 HUF Euro 18.0 EUR in exchange for $17.5 1.03 EUR Canadian Dollar 7.6 CAD in exchange for $6.2 1.24 CAD Polish Zloty 10.4 PLN in exchange for $2.5 4.15 PLN Bulgarian Lev 5.5 BGN in exchange for $3.2 1.69 BGN Mexican Peso 217.3 MXN in exchange for $10.6 20.47 MXN Interest Rate Swaps The Company is exposed to the impact of interest rate changes primarily through its borrowing activities. The Company’s objective is to mitigate the impact of interest rate changes on earnings and cash flows. The Company primarily uses pay-fixed interest rate swaps to facilitate its interest rate risk management activities, which the Company generally designates as cash flow hedges of interest payments on floating-rate borrowings. Pay-fixed swaps effectively convert floating-rate borrowings to fixed-rate borrowings. The unrealized gains or losses from these designated cash flow hedges are deferred in accumulated other comprehensive income (loss) and recognized in interest expense as the interest payments occur. Changes in the fair value of interest rate swaps that are not designated as hedges are recorded in interest expense (see further explanation below). Cash settlements related to interest rate contracts are generally classified as operating activities on the consolidated statements of cash flows. However, due to an other-than-insignificant financing element on a portion of our interest rate swaps (see designated cash flow hedges table below), the cash flows related to these contracts are classified as financing activities. Designated Cash Flow Hedges. As of March 31, 2022, the Company had the following designated cash flow hedge pay-fixed interest rate swaps outstanding (all related to the Company's LIBOR-based debt, see Note 7 and Note 8): Effective Date Notional Amount Fixed Rate Paid Maturity Date (1) (in millions) May 23, 2018 $300.0 2.915% March 24, 2025 May 19, 2020 $700.0 1.923% March 23, 2030 (2) May 19, 2020 $350.0 2.531% March 23, 2027 (2) June 15, 2020 $150.0 2.343% March 23, 2027 (2) August 14, 2020 $200.0 1.840% March 23, 2030 (2) Total $1,700.0 __________________ (1) Subject to a mandatory early termination date of March 23, 2025. (2) These pay-fixed interest rate swaps are considered hybrid instruments with a financing component and an embedded at-market derivative that was designated as a cash flow hedge (see discussion of cash flow presentation above). Not Designated. As of March 31, 2022, the Company had the following pay-fixed receive-variable and offsetting pay-variable receive-fixed interest rate swaps outstanding, which are not designated as cash flow hedges: Pay-Fixed Receive-Variable (1) Offsetting Pay-Variable Receive-Fixed (1) Effective Date Notional Amount Fixed Rate Paid Effective Date Notional Amount Fixed Rate Received Maturity Date (in millions) (in millions) May 23, 2018 $700.0 2.915% May 19, 2020 $700.0 2.915% March 24, 2025 June 25, 2018 $200.0 2.723% August 14, 2020 $200.0 2.723% March 23, 2025 July 31, 2018 $300.0 2.885% May 19, 2020 $300.0 2.885% March 23, 2025 December 24, 2018 $50.0 2.744% May 19, 2020 $50.0 2.744% March 23, 2025 December 24, 2018 $100.0 2.808% June 15, 2020 $100.0 2.808% March 23, 2025 December 24, 2018 $50.0 2.728% June 15, 2020 $50.0 2.728% March 23, 2025 Total $1,400.0 Total $1,400.0 __________________ (1) During the fiscal year ended March 31, 2021, the Company completed a series of transactions to amend and extend certain interest rate swap agreements, and as part of these transactions, the $1.4 billion pay-fixed receive-variable interest rate swaps presented in the table above were de-designated, and the Company entered into $1.4 billion of pay-variable receive-fixed interest rate swaps, as presented in the table above, which are designed to offset the terms of the $1.4 billion of pay-fixed receive-variable swaps in the table above. At the time of the de-designation of the above $1.4 billion in pay-fixed receive-variable interest rate swaps, there was approximately $163.0 million of unrealized losses recorded in accumulated other comprehensive income (loss). This amount is being amortized to interest expense through the remaining term of the de-designated swaps unless it becomes probable that the cash flows originally hedged will not occur, in which case the proportionate amount of the loss will be recorded to interest expense at that time. The $1.4 billion of pay-fixed receive-variable interest rate swaps de-designated as cash flow hedges and the $1.4 billion of offsetting pay-variable receive-fixed swaps are marked to market with changes in fair value recognized, along with the fixed and variable payments on these swaps, in interest expense, which are expected to nearly offset each other. Financial Statement Effect of Derivatives Consolidated statement of operations and comprehensive income (loss): The following table presents the pre-tax effect of the Company's derivatives on the accompanying consolidated statements of operations and comprehensive income (loss) for the years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts Gain (loss) recognized in accumulated other comprehensive income (loss) $ 1.7 $ (1.0) $ 0.8 Gain (loss) reclassified from accumulated other comprehensive income (loss) into direct operating expense (0.2) 0.2 1.6 Interest rate swaps Gain (loss) recognized in accumulated other comprehensive income (loss) $ 66.5 $ 72.0 $ (138.6) Loss reclassified from accumulated other comprehensive income (loss) into interest expense (15.0) (20.0) (14.3) Derivatives not designated as cash flow hedges: Forward exchange contracts Gain (loss) recognized in direct operating expense $ — $ 0.3 $ (0.4) Interest rate swaps Loss reclassified from accumulated other comprehensive income (loss) into interest expense $ (33.8) $ (28.3) $ — Total direct operating expense on consolidated statements of operations $ 2,064.2 $ 1,725.9 $ 2,226.1 Total interest expense on consolidated statements of operations $ 176.0 $ 181.5 $ 191.3 Consolidated balance sheets: The Company classifies its forward foreign exchange contracts and interest rate swap agreements within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments (see Note 10). The portion of the swaps reflecting the financing component of the hybrid instrument discussed above is recorded at amortized cost and reduced over time based on payments. Pursuant to the Company's accounting policy to offset the fair value amounts recognized for derivative instruments, the Company presents the asset or liability position of the swaps that are with the same counterparty under a master netting arrangement net as either an asset or liability in its consolidated balance sheets. As of March 31, 2022, the gross amount of swaps in an asset and liability position that were subject to a master netting arrangement was $169.6 million and $147.3 million, respectively, resulting in an asset recorded in other assets - non-current of $32.0 million and a liability recorded in other liabilities - non-current of $9.8 million. As of March 31, 2021, the gross amount of swaps in an asset and liability position that were subject to a master netting arrangement was $211.2 million and $236.3 million, respectively, resulting in an asset recorded in other assets - non-current of $50.8 million and a liability recorded in other liabilities - non-current of $75.9 million. As of March 31, 2022 and 2021, the Company had the following amounts recorded in the accompanying consolidated balance sheets related to the Company's use of derivatives: March 31, 2022 Other Current Assets Other Non-Current Assets Accounts Payable and Accrued Liabilities Other Non-Current Liabilities (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts $ 3.5 $ — $ 2.8 $ — Interest rate swaps — 109.1 — (39.4) Derivatives not designated as cash flow hedges: Interest rate swaps (1) — (77.1) — 56.8 Fair value of derivatives $ 3.5 $ 32.0 $ 2.8 $ 17.4 ________________ (1) Includes $88.1 million and $46.0 million included in other non-current assets and other non-current liabilities, respectively, representing the financing element of certain hybrid instruments, which is offset by the pay-variable receive-fixed interest rate swaps outstanding at March 31, 2022. March 31, 2021 Other Current Assets Other Non-Current Assets Accounts Payable and Accrued Liabilities Other Non-Current Liabilities (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts $ 1.5 $ — $ 2.6 $ — Interest rate swaps — 72.7 — 5.6 Derivatives not designated as cash flow hedges: Interest rate swaps (1) — (21.9) — 127.1 Fair value of derivatives $ 1.5 $ 50.8 $ 2.6 $ 132.7 ________________ (1) Includes $98.2 million and $54.3 million included in other non-current assets and other non-current liabilities, respectively, representing the financing element of certain hybrid instruments, which is offset by the pay-variable receive-fixed interest rate swaps outstanding at March 31, 2021. As of March 31, 2022, based on the current release schedule, the Company estimates approximately $1.8 million of gains associated with forward foreign exchange contract cash flow hedges in accumulated other comprehensive income (loss) will be reclassified into earnings during the one-year period ending March 31, 2023.

Additional Financial Informatio

Additional Financial Information	12 Months Ended
	Mar. 31, 2022
Additional Financial Information [Abstract]
Additional Financial Information	Additional Financial Information The following tables present supplemental information related to the consolidated financial statements. Cash, Cash Equivalents and Restricted Cash Cash equivalents consist of investments that are readily convertible into cash. Cash equivalents are carried at cost, which approximates fair value. The Company classifies its cash equivalents within Level 1 of the fair value hierarchy because the Company uses quoted market prices to measure the fair value of these investments (see Note 10). The Company monitors concentrations of credit risk with respect to cash and cash equivalents by placing such balances with higher quality financial institutions or investing such amounts in liquid, short-term, highly-rated instruments or investment funds holding similar instruments. As of March 31, 2022, the majority of the Company’s cash and cash equivalents were held in bank depository accounts. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheet to the total amounts reported in the consolidated statement of cash flows at March 31, 2022. At March 31, 2022, restricted cash included in other current assets represents amounts related to required cash reserves for interest payments associated with the Production Tax Credit Facility and IP Credit Facility. There were no material amounts of restricted cash in the consolidated balance sheet as of March 31, 2021. March 31, (Amounts in millions) Cash and cash equivalents $ 371.2 Restricted cash included in other current assets 13.4 Total cash, cash equivalents and restricted cash $ 384.6 Accounts Receivable Monetization Under the Company's accounts receivable monetization programs, the Company has entered into (1) individual agreements to monetize certain of its trade accounts receivable directly with third-party purchasers and (2) a revolving agreement to monetize designated pools of trade accounts receivable with various financial institutions, as further described below. Under these programs, the Company transfers receivables to purchasers in exchange for cash proceeds, and the Company continues to service the receivables for the purchasers. The Company accounts for the transfers of these receivables as a sale, removes (derecognizes) the carrying amount of the receivables from its balance sheets and classifies the proceeds received as cash flows from operating activities in the statements of cash flows. The Company records a loss on the sale of these receivables reflecting the net proceeds received (net of any obligations incurred), less the carrying amount of the receivables transferred. The loss is reflected in the "other expense" line item on the consolidated statements of operations. The Company receives fees for servicing the accounts receivable for the purchasers, which represent the fair value of the services and were immaterial for the years ended March 31, 2022, 2021 and 2020. Individual Monetization Agreements. The Company enters into individual agreements to monetize trade accounts receivable. The third-party purchasers have no recourse to other assets of the Company in the event of non-payment by the customers. The following table sets forth a summary of the receivables transferred under individual agreements or purchases during the years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Carrying value of receivables transferred and derecognized $ 1,400.2 $ 1,377.2 $ 1,603.2 Net cash proceeds received 1,391.2 1,371.3 1,593.9 Loss recorded related to transfers of receivables 9.0 5.9 9.3 At March 31, 2022, the outstanding amount of receivables derecognized from the Company's consolidated balance sheets, but which the Company continues to service, related to the Company's individual agreements to monetize trade accounts receivable was $460.5 million (March 31, 2021 - $562.8 million). Pooled Monetization Agreement. In December 2019, the Company entered into a revolving agreement, as amended in July 2021, to transfer up to $150.0 million of certain receivables to various financial institutions on a recurring basis in exchange for cash equal to the gross receivables transferred, which expires July 27, 2022. As customers pay their balances, the Company transfers additional receivables into the program. The transferred receivables are fully guaranteed by a bankruptcy-remote wholly-owned subsidiary of the Company, which holds additional receivables in the amount of $72.0 million as of March 31, 2022 that are pledged as collateral under this agreement. The third-party purchasers have no recourse to other assets of the Company in the event of non-payment by the customers. The following table sets forth a summary of the receivables transferred under the pooled monetization agreement during the years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Gross cash proceeds received for receivables transferred and derecognized $ 155.5 $ 173.1 $ 192.6 Less amounts from collections reinvested under revolving agreement (102.7) (138.7) (84.5) Proceeds from new transfers 52.8 34.4 108.1 Collections not reinvested and remitted or to be remitted (46.8) (27.9) (15.6) Net cash proceeds received (1) $ 6.0 $ 6.5 $ 92.5 Carrying value of receivables transferred and derecognized (2) $ 154.5 $ 172.0 $ 191.9 Obligations recorded $ 2.9 $ 1.9 $ 2.5 Loss recorded related to transfers of receivables $ 1.9 $ 0.8 $ 1.7 ___________________ (1) In addition, during the year ended March 31, 2022, the Company repurchased $25.5 million of receivables previously transferred, as separately agreed upon with the third-party purchasers, in order to monetize such receivables under the individual monetization program discussed above without being subject to the collateral requirements under the pooled monetization program. (2) Receivables net of unamortized discounts on long-term, non-interest bearing receivables. At March 31, 2022, the outstanding amount of receivables derecognized from the Company's consolidated balance sheet, but which the Company continues to service, related to the pooled monetization agreement was approximately $79.5 million (March 31, 2021 - $99.0 million). Other Assets The composition of the Company’s other assets is as follows as of March 31, 2022 and March 31, 2021: March 31, March 31, (Amounts in millions) Other current assets Prepaid expenses and other $ 102.3 $ 68.0 Cash consideration receivable for sale of Pantaya (see Note 2) — 123.6 Product inventory (1) 14.1 14.3 Tax credits receivable 128.3 68.4 $ 244.7 $ 274.3 Other non-current assets Prepaid expenses and other (2) $ 19.8 $ 25.8 Accounts receivable (2) 39.0 49.4 Tax credits receivable 316.1 181.2 Operating lease right-of-use assets 170.7 127.0 Interest rate swap assets 32.0 50.8 $ 577.6 $ 434.2 _____________________ (1) Home entertainment product inventory consists of Packaged Media and is stated at the lower of cost or market value (first-in, first-out method). Costs of Packaged Media sales, including shipping and handling costs, are included in distribution and marketing expenses. (2) Unamortized discounts on contract assets included in prepaid expenses and other were $0.5 million and $0.5 million at March 31, 2022 and 2021, and unamortized discounts on long-term, non-interest bearing receivables were $1.8 million and $2.4 million at March 31, 2022 and 2021, respectively. Accumulated Other Comprehensive Income (Loss) The following table summarizes the changes in the components of accumulated other comprehensive income (loss), net of tax: Foreign currency translation adjustments Net unrealized gain (loss) on cash flow hedges Total (Amounts in millions) March 31, 2019 $ (18.2) $ (62.1) $ (80.3) Other comprehensive loss (0.6) (137.8) (138.4) Reclassifications to net loss (1) — 12.7 12.7 March 31, 2020 (18.8) (187.2) (206.0) Other comprehensive income 3.7 70.9 74.6 Reclassifications to net loss (1) — 48.1 48.1 March 31, 2021 (15.1) (68.2) (83.3) Other comprehensive income (loss) (4.6) 68.2 63.6 Reclassifications to net loss (1) — 49.0 49.0 March 31, 2022 $ (19.7) $ 49.0 $ 29.3 ___________________ (1) Represents a loss of $0.2 million included in direct operating expense and a loss of $48.8 million included in interest expense on the consolidated statement of operations in the year ended March 31, 2022 (2021 - gain of $0.2 million included in direct operating expense and loss of $48.3 million included in interest expense; 2020 - gain of $1.6 million included in direct operating expense and loss of $14.3 million included in interest expense) (see Note 18). Supplemental Cash Flow Information Interest paid during the fiscal year ended March 31, 2022 amounted to $135.0 million (2021 — $149.7 million; 2020 — $173.8 million). Income taxes paid (refunded) during the fiscal year ended March 31, 2022 amounted to net tax paid of $16.9 million (2021 — net tax refunds received of $54.0 million; 2020 — net tax refunds received of $5.3 million). Significant non-cash transactions during the fiscal years ended March 31, 2022 include certain interest rate swap agreements, which are discussed in Note 18, "Financial Instruments". The supplemental schedule of non-cash investing and financing activities is presented below: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Non-cash investing activities: Accrued equity method investment $ 19.0 $ — $ — Cash consideration receivable for sale of Pantaya (see Note 2) $ — $ 123.6 $ — Decrease in finance lease right-of-use asset due to a reassessment event (1) n/a $ (42.0) n/a Non-cash financing activities: Decrease in finance lease liability due to a reassessment event (1) n/a $ (48.6) n/a ______________ (1) During the year ended March 31, 2021, the Company reassessed the lease term of the Starz commercial building, which resulted in a change in classification of this lease from a finance lease to an operating lease (see Note 9). Supplemental cash flow information related to leases was as follows: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 57.0 $ 48.8 $ 37.1 Operating cash flows for finance leases $ — $ 1.6 $ 3.4 Financing cash flows for finance leases $ — $ 2.6 $ 3.0 Right-of-use assets obtained in exchange for new lease obligations: Operating leases $ 67.8 $ 25.0 $ 8.3 Increase in right-of-use assets and lease liability due to a reassessment event: Operating leases - increase in right-of-use assets $ 27.5 $ 6.0 $ — Operating leases - increase in lease liability $ 27.5 $ 12.6 $ —

Related Party Transactions

Related Party Transactions	12 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions In the year ended March 31, 2021, the Company paid less than $0.1 million to MLC Strategies, LLC (“MLC Strategies”) for certain consulting services (2020 - $0.1 million). No amounts were paid in the year ended March 31, 2022. Ms. Clyburn, a director of the Company, is the President of MLC Strategies. In the year ended March 31, 2020, we incurred expenses on behalf of Mark H. Rachesky, the Chairman of the Board of the Company and principal of MHR Fund Management, for reimbursement of certain litigation costs of less than $0.1 million, which are included in restructuring and other in the consolidated statements of operations (2022 and 2021 - none). MHR Fund Management holds approximately 23% of the Company’s outstanding Class A voting shares and 11% of the Company's outstanding Class B non-voting common stock as of May 20, 2022. In the year ended March 31, 2020, we incurred expenses on behalf of John C. Malone, a former director of the Company, for reimbursement of certain litigation costs of approximately $1.6 million, which are included in restructuring and other in the consolidated statements of operations. Transactions with Equity Method Investees Equity Method Investees. In the ordinary course of business, we are involved in related party transactions with equity method investees. These related party transactions primarily relate to the licensing and distribution of the Company's films and television programs and the lease of a studio facility owned by an equity-method investee, for which the impact on the Company's consolidated balance sheets and consolidated statements of operations is as follows (see Note 1 and Note 5): March 31, 2022 2021 (Amounts in millions) Consolidated Balance Sheets Accounts receivable $ 13.1 $ 9.4 Investment in films and television programs (1) 1.6 — Other assets, noncurrent (1)(2) 44.2 2.4 Total due from related parties $ 58.9 $ 11.8 Accounts payable and accrued liabilities (1)(3) $ 22.2 $ 15.4 Participations and residuals, current 5.9 7.6 Participations and residuals, noncurrent 1.1 1.2 Other liabilities (1) 38.3 — Total due to related parties $ 67.5 $ 24.2 Year Ended March 31, 2022 2021 2020 (Amounts in millions) Consolidated Statements of Operations Revenues $ 4.1 $ 7.2 $ 4.6 Direct operating expense $ 6.5 $ 10.8 $ 13.8 Distribution and marketing expense $ 0.2 $ 0.2 $ — General and administrative expense (4) $ — $ — $ (1.1) Interest and other income $ 3.1 $ 2.9 $ 1.7 __________________________________ (1) During the year ended March 31, 2022, the Company entered into certain operating leases related to a studio facility owned by an equity-method investee. Amounts related to these leases are included in investment in films and television programs, other assets - noncurrent, accounts payable and accrued liabilities and other liabilities in the consolidated balance sheet at March 31, 2022. (2) During the years ended March 31, 2022, 2021, and 2020, the Company made loans (including accrued interest) of $3.0 million, $2.9 million and $12.5 million, respectively, to certain of its equity method investees, of which no amounts, none and $3.3 million, respectively, are included in other assets, noncurrent in the Company's consolidated balance sheets (net of equity interests losses applied against such loans), and included in the table above. (3) Amounts primarily represent production related advances due to certain of its equity method investees. (4) In the year ended March 31, 2020, amounts primarily represent reimbursement for certain shared services for equity method investees. In addition, as of March 31, 2022, the Company has entered into certain leases that have not yet commenced primarily related to studio facilities owned by an equity-method investee, for which construction has not yet been completed. See Note 9 for further information.

Subsequent Events

Subsequent Events	12 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events IGR Facility Funding. On April 1, 2022, the Company received $125.0 million under the IGR Facility (see Note 8). Term Loan A Prepayment. In April 2022, the Company voluntarily prepaid the entire outstanding principal amount of the 2023 Term Loan A of $193.6 million, together with accrued and unpaid interest (see Note 7).

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Mar. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Valuation and Qualifying Accounts	Schedule II. Valuation and Qualifying Accounts Lions Gate Entertainment Corp. March 31, 2022 (In Millions) Additions Description Balance at Charged to Costs and Expenses (1) Charged to Other Deductions Balance at Year Ended March 31, 2022: Reserves: Returns and allowances $ 26.1 $ 44.4 $ — $ (51.2) (2) $ 19.3 Provision for doubtful accounts $ 6.5 $ 5.3 $ — $ (0.3) (3) $ 11.5 Deferred tax valuation allowance $ 350.9 $ 40.4 $ (28.5) (4) $ — $ 362.8 Year Ended March 31, 2021: Reserves: Returns and allowances $ 33.7 $ 53.3 $ — $ (60.9) (2) $ 26.1 Provision for doubtful accounts $ 9.3 $ (2.5) $ — $ (0.3) (3) $ 6.5 Deferred tax valuation allowance $ 435.8 $ (56.3) $ (28.6) (4) $ — $ 350.9 Year Ended March 31, 2020: Reserves: Returns and allowances $ 35.0 $ 81.2 $ — $ (82.5) (2) $ 33.7 Provision for doubtful accounts $ 5.4 $ 5.7 $ — $ (1.8) (3) $ 9.3 Deferred tax valuation allowance $ 401.1 $ 4.5 $ 30.2 (4) $ — $ 435.8 ____________________________ (1) Charges for returns and allowances are charges against revenue. (2) Actual returns and fluctuations in foreign currency exchange rates. (3) Uncollectible accounts written off and fluctuations in foreign currency exchange rates. (4) Valuation allowance adjustments recorded in other comprehensive income and primarily associated with hedging activity.

Description of Business, Basi_2

Description of Business, Basis of Presentation and Significant Accounting Policies (Policies)	12 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Generally Accepted Accounting Principles	Generally Accepted Accounting Principles These consolidated financial statements have been prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”).
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements of the Company include the accounts of Lionsgate and its majority-owned and controlled subsidiaries. The Company reviews its relationships with other entities to identify whether it is the primary beneficiary of a variable interest entity (“VIE”). If the determination is made that the Company is the primary beneficiary, then the entity is consolidated. All significant intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions, including the potential impacts arising from the COVID-19 global pandemic and Russia's invasion of Ukraine, that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The most significant estimates made by management in the preparation of the financial statements relate to ultimate revenue and costs used for the amortization of investment in films and television programs; estimates of future viewership used for the amortization of licensed program rights; estimates of sales returns; estimates related to the revenue recognition of sales or usage-based royalties; fair value of equity-based compensation; fair value of assets and liabilities for allocation of the purchase price of companies acquired; income taxes including the assessment of valuation allowances for deferred tax assets; accruals for contingent liabilities; and impairment assessments for investment in films and television programs and licensed program rights, property and equipment, equity investments, goodwill and intangible assets. Actual results could differ from such estimates.
Reclassifications	ReclassificationsCertain amounts presented in prior years have been reclassified to conform to the current year’s presentation.
Revenue Recognition	Revenue Recognition The Company's Motion Picture and Television Production segments generate revenue principally from the licensing of content in domestic theatrical exhibition, home entertainment (e.g., digital media and packaged media), television, and international market places. The Company's Media Networks segment generates revenue primarily from the distribution of the Company's STARZ branded premium subscription video services, and through March 31, 2021, from the Company's formerly majority owned premium Spanish language streaming services business, Pantaya. The Company sold its interest in Pantaya on March 31, 2021, see Note 2 for further information. Revenue is recognized upon transfer of control of promised services or goods to customers in an amount that reflects the consideration the Company expects to receive in exchange for those services or goods. Revenues do not include taxes collected from customers on behalf of taxing authorities such as sales tax and value-added tax. In the ordinary course of business, the Company's reportable segments enter into transactions with one another. The most common types of intersegment transactions include licensing motion pictures or television programming (including Starz original productions) from the Motion Picture and Television Production segments to the Media Networks segment. While intersegment transactions are treated like third-party transactions to determine segment performance, the revenues (and corresponding expenses, assets, or liabilities recognized by the segment that is the counterparty to the transaction) are eliminated in consolidation and, therefore, do not affect consolidated results. Licensing Arrangements. The Company's content licensing arrangements include fixed fee and minimum guarantee arrangements, and sales or usage based royalties. Fixed Fee or Minimum Guarantees: The Company's fixed fee or minimum guarantee licensing arrangements may, in some cases, include multiple titles, multiple license periods (windows) with a substantive period in between the windows, rights to exploitation in different media, or rights to exploitation in multiple territories, which may be considered distinct performance obligations. When these performance obligations are considered distinct, the fixed fee or minimum guarantee in the arrangement is allocated to the title, window, media right or territory as applicable, based on estimates of relative standalone selling prices. The amounts related to each performance obligation (i.e., title, window, media or territory) are recognized when the content has been delivered, and the window for the exploitation right in that territory has begun, which is the point in time at which the customer is able to begin to use and benefit from the content. Sales or Usage Based Royalties: Sales or usage based royalties represent amounts due to the Company based on the “sale” or “usage” of the Company's content by the customer, and revenues are recognized at the later of when the subsequent sale or usage occurs, or the performance obligation to which some or all the sales or usage-based royalty has been allocated and has been satisfied (or partially satisfied). Generally, when the Company licenses completed content (with standalone functionality, such as a movie, or television show) its performance obligation will be satisfied prior to the sale or usage. When the Company licenses intellectual property that does not have stand-alone functionality (e.g., brands, themes, logos, etc.), its performance obligation is generally satisfied in the same period as the sale or usage. The actual amounts due to the Company under these arrangements are generally not reported to the Company until after the close of the reporting period. The Company records revenue under these arrangements for the amounts due and not yet reported to the Company based on estimates of the sales or usage of these customers and pursuant to the terms of the contracts. Such estimates are based on information from the Company's customers, historical experience with similar titles in that market or territory, the performance of the title in other markets, and/or data available in the industry. Revenues by Market or Product Line. The following describes the revenues generated by market or product line. Theatrical revenues are included in the Motion Picture segment; home entertainment, television, international and other revenues are applicable to both the Motion Picture and Television Production segments; Media Networks programming revenues are included in the Media Networks segment. • Theatrical. Theatrical revenues are derived from the domestic theatrical release of motion pictures licensed to theatrical exhibitors on a picture-by-picture basis (distributed by the Company directly in the United States and through a sub-distributor in Canada). Revenue from the theatrical release of feature films are treated as sales or usage- based royalties, are recognized as revenue starting at the exhibition date and are based on the Company's participation in box office receipts of the theatrical exhibitor . • Home Entertainment. Home entertainment consists of Digital Media and Packaged Media. ◦ Digital Media. Digital media includes digital transaction revenue sharing arrangements (pay-per-view and video-on-demand platforms, electronic sell through ("EST"), and digital rental) and licenses of content to digital platforms for a fixed fee. Digital Transaction Revenue Sharing Arrangements: Primarily represents revenue sharing arrangements with certain digital media platforms which generally provide that, in exchange for a nominal or no upfront sales price, the Company shares in the rental or sales revenues generated by the platform on a title-by-title basis. These digital media platforms generate revenue from rental and EST arrangements, such as download-to-own, download-to-rent, and video-on-demand. These revenue sharing arrangements are recognized as sales or usage based royalties based on the performance of these platforms and pursuant to the terms of the contract, as discussed above. Licenses of Content to Digital Platforms: Primarily represents the licensing of content to subscription-video-on-demand ("SVOD") or other digital platforms for a fixed fee. As discussed above, revenues are recognized when the content has been delivered and the window for the exploitation right in that territory has begun. ◦ Packaged Media. Packaged media revenues represent the sale of motion pictures and television shows (produced or acquired) on physical discs (DVD’s, Blu-ray, 4K Ultra HD, referred to as "Packaged Media") in the retail market. Revenues are recognized, net of an allowance for estimated returns and other allowances, on the later of receipt by the customer or “street date” (when it is available for sale by the customer). • Television . Television revenues are derived from the licensing to domestic markets (linear pay, basic cable, free television markets, syndication) of motion pictures (including theatrical productions and acquired films) and scripted and unscripted television series, television movies, mini-series, and non-fiction programming. Television revenues include fixed fee arrangements as well as arrangements in which the Company earns advertising revenue from the exploitation of certain content on television networks. Television also includes revenue from licenses to SVOD platforms in which the initial license of a television series is to an SVOD platform or the traditional pay window for a motion picture is licensed to an SVOD platform. Revenues associated with a title, right, or window from television licensing arrangements are recognized when the feature film or television program is delivered (on an episodic basis for television product) and the window for the exploitation right has begun. • International. International revenues are derived from (1) licensing of the Company's productions, acquired films, catalog product and libraries of acquired titles to international distributors, on a territory-by-territory basis; (2) the direct distribution of our productions, acquired films, and our catalog product and libraries of acquired titles in the United Kingdom; and (3) licensing to international markets of scripted and unscripted series, television movies, mini-series and non-fiction programming. License fees and minimum guarantee amounts associated with title, window, media or territory, are recognized when access to the feature film or television program has been granted or delivery has occurred, as required under the contract, and the right to exploit the feature film or television program in that window, media or territory has commenced. Revenues are also generated from sales or usage based royalties received from international distributors based on their distribution performance pursuant to the terms of the contracts after the recoupment of certain costs in some cases, and the initial minimum guarantee, if any, and are recognized when the sale by our customer generating a royalty due to us has occurred. • Other. Other revenues are derived from the licensing of the Company's film and television and related content (games, music, location-based entertainment royalties, etc.) to other ancillary markets and from commissions and executive producer fees earned related to talent management. Revenues from the licensing of film and television content and the sales and licensing of music are recognized when the content has been delivered and the license period has begun, as discussed above. Revenues from the licensing of symbolic intellectual property (i.e., licenses of motion pictures or television characters, brands, storylines, themes or logos) is recognized over the corresponding license term. Commissions are recognized as such services are provided. • Media Networks - Programming Revenues. Media Networks’ revenues are primarily derived from the distribution of the Company's STARZ branded premium subscription video services through over-the-top ("OTT") platforms and U.S. multichannel video programming distributors (“MVPDs”), including cable operators, satellite television providers and telecommunications companies (collectively, “Distributors”) and on a direct-to-consumer basis through the Starz App. Media Networks revenues also include international revenues primarily from the OTT distribution of the Company's STARZ branded premium subscription video services outside the United States. Through March 31, 2021, Media Networks' revenues also included revenues from the Company's formerly majority owned premium Spanish language streaming services business, Pantaya. The Company sold its interest in Pantaya on March 31, 2021, see Note 2 for further information. Pursuant to the Company’s distribution agreements, revenues may be based on a fixed fee, subject to nominal annual escalations, or a variable fee (i.e., a fee based on number of subscribers who receive the Company's networks or other factors). Programming revenue is recognized over the contract term based on the continuous delivery of the content to the distributor. The variable distribution fee arrangements represent sales or usage based royalties and are recognized over the period of such sales or usage by the Company's distributor, which is the same period that the content is provided to the distributor. Deferred Revenue. Deferred revenue relates primarily to customer cash advances or deposits received prior to when the Company satisfies the corresponding performance obligation. Payment terms vary by location and type of customer and the nature of the licensing arrangement, however, other than certain multi-year license arrangements; payments are generally due within 60 days after revenue is recognized. For certain multi-year licensing arrangements, primarily in the television, digital media, and international markets, payments may be due over a longer period. When we expect the period between fulfillment of our performance obligation and the receipt of payment to be greater than a year, a significant financing component is present. In these cases, such payments are discounted to present value based on a discount rate reflective of a separate financing transaction between the customer and the Company, at contract inception. The significant financing component is recorded as a reduction to revenue and accounts receivable initially, with such accounts receivable discount amortized to interest income over the period to receipt of payment. The Company does not assess contracts with deferred payments for significant financing components if, at contract inception, we expect the period between fulfillment of the performance obligation and subsequent payment to be one year or less. In other cases, customer payments are made in advance of when the Company fulfills its performance obligation and recognizes revenue. This primarily occurs under television production contracts, in which payments may be received as the production progresses, international motion picture contracts, where a portion of the payments are received prior to the completion of the movie and prior to license rights start dates, and pay television contracts with multiple windows with a portion of the revenues deferred until the subsequent exploitation windows commence. These arrangements do not contain significant financing components because the reason for the payment structure is not for the provision of financing to the Company, but rather to mitigate the Company's risk of customer non-performance and incentivize the customer to exploit the Company's content. See Note 12 for further information.
Cash and Cash Equivalents	Cash and Cash EquivalentsCash and cash equivalents consist of cash deposits at financial institutions and investments in money market mutual funds.
Restricted Cash	Restricted CashAt March 31, 2022, we had restricted cash of $13.4 million, representing amounts related to required cash reserves for interest payments associated with the Production Tax Credit Facility and IP Credit Facility (no material amounts at March 31, 2021). Restricted cash is included within “other current assets” on the consolidated balance sheet (see Note 19).
Investment in Films and Television Programs and Licensed Program Rights	Investment in Films and Television Programs and Licensed Program Rights Investment in Films and Television Programs: General. Investment in films and television programs includes the unamortized costs of films and television programs, a portion of which are monetized individually (i.e., through domestic theatrical, home entertainment, television, international or other ancillary-market distribution), and a portion of which are monetized as part of a film group (i.e., primarily content internally produced by our Television Production segment for our Media Networks segment). Recording Cost. Costs of acquiring and producing films and television programs and of acquired libraries are capitalized when incurred. For films and television programs produced by the Company, capitalized costs include all direct production and financing costs, capitalized interest and production overhead. For the years ended March 31, 2022, 2021, and 2020, total capitalized interest was $12.8 million, $2.8 million, and $3.8 million, respectively. For acquired films and television programs, capitalized costs consist of minimum guarantee payments to acquire the distribution rights. Amortization. Costs of acquiring and producing films and television programs and of acquired libraries that are monetized individually are amortized using the individual-film-forecast method, whereby these costs are amortized and participations and residuals costs are accrued in the proportion that current year’s revenue bears to management’s estimate of ultimate revenue at the beginning of the current year expected to be recognized from the exploitation, exhibition or sale of the films or television programs. For investment in films and television programs monetized as a group, see further discussion below under Licensed Program Rights for a description of amortization of costs monetized as a group. Ultimate Revenue. Ultimate revenue includes estimates over a period not to exceed ten years following the date of initial release of the motion picture. For an episodic television series, the period over which ultimate revenues are estimated cannot exceed ten years following the date of delivery of the first episode, or, if still in production, five years from the date of delivery of the most recent episode, if later. For titles included in acquired libraries, ultimate revenue includes estimates over a period not to exceed twenty years following the date of acquisition. Development. Films and television programs in development include costs of acquiring film rights to books, stage plays or original screenplays and costs to adapt such projects. Such costs are capitalized and, upon commencement of production, are transferred to production costs. Projects in development are written off at the earlier of the date they are determined not to be recoverable or when abandoned, or three years from the date of the initial investment unless the fair value of the project exceeds its carrying cost. Licensed Program Rights: General. Licensed program rights include content licensed from third parties that is monetized as part of a film group for distribution on Media Networks distribution platforms. Licensed content is comprised of films or series that have been previously produced by third parties and the Company retains specified airing rights over a contractual term. Program licenses typically have fixed terms and require payments during the term of the license. Recording Cost. The cost of licensed content is capitalized when the cost is known or reasonably determinable, the license period for programs has commenced, the program materials have been accepted by the Company in accordance with the license agreements, and the programs are available for the first showing. Licensed programming rights may include rights to more than one exploitation window under the Company's output and library agreements. For films with multiple windows, the license fee is allocated between the windows based upon the proportionate estimated fair value of each window which generally results in the majority of the cost allocated to the first window on newer releases. Certain license agreements and productions may include additional ancillary rights in addition to the pay television rights. The cost of the Media Networks’ third-party licensed content and produced content is allocated between the pay television market distributed by the Media Networks’ segment and the ancillary revenue markets (e.g., home video, digital platforms, international television, etc.) distributed by the Television Production segment based on the estimated relative fair values of these markets. Our estimates of fair value for the pay television and ancillary markets and windows of exploitation involve uncertainty and management judgment. Amortization. The cost of program rights for films and television programs (including original series) exhibited by the Media Networks segment are generally amortized on an accelerated or straight-line basis based on the anticipated number of exhibitions or expected and historical viewership patterns or the license period on a title-by-title or episode-by-episode basis. The number of exhibitions is estimated based on the number of exhibitions allowed in the agreement (if specified) and the expected usage of the content. Participations and residuals are expensed in line with the amortization of production costs. Changes in management’s estimate of the anticipated exhibitions and viewership patterns of films and original series on our networks could result in the earlier recognition of our programming costs than anticipated. Conversely, scheduled exhibitions and expected viewership patterns may not capture the appropriate usage of the program rights in current periods which would lead to the write-off of additional program rights in future periods and may have a significant impact on our future results of operations and our financial position. Impairment Assessment for Investment in Films and Television Programs and Licensed Program Rights: General. A film group or individual film or television program is evaluated for impairment when an event or change in circumstances indicates that the fair value of an individual film or film group is less than its unamortized cost. A film group represents the unit of account for impairment testing for a film or license agreement for program material when the film or license agreement is expected to be predominantly monetized with other films and/or license agreements instead of being predominantly monetized on its own. A film group is defined as the lowest level at which identifiable cash flows are largely independent of the cash flows of other films and/or license agreements. Content Monetized Individually. For content that is predominantly monetized individually (primarily investment in film and television programs related to the Motion Picture and Television Production segments), whenever events or changes in circumstances indicate that the fair value of the individual film may be less than its unamortized costs, the unamortized costs of the individual film are compared to the estimated fair value of the individual film. The fair value is determined based on a discounted cash flow analysis of the cash flows directly attributable to the title. To the extent the unamortized costs exceed the fair value, an impairment charge is recorded for the excess. Content Monetized as a Group. For content that is predominantly monetized as a group (primarily licensed program rights in the Media Networks segment and internally produced programming, as discussed above), whenever events or changes in circumstances indicate that the fair value of the film group may be less than its unamortized costs, the aggregate unamortized costs of the group are compared to the present value of the discounted cash flows of the group using the lowest level for which identifiable cash flows are independent of other produced and licensed content. The Company's film groups are generally identified by territory (i.e., country) or groups of international territories, wherein content assets are shared across the various territories and therefore, the group of territories is the film group. If the unamortized costs of the film group exceed the present value of discounted cash flows, an impairment charge is recorded for the excess and allocated to individual titles based on the relative carrying value of each title in the group. Valuation Assumptions. The discounted cash flow analysis includes cash flows estimates of ultimate revenue and costs as well as a discount rate (a Level 3 fair value measurement, see Note 10). The discount rate utilized in the discounted cash flow analysis is based on the weighted average cost of capital of the Company plus a risk premium representing the risk associated with producing a particular film or television program or film group. The fair value of any film costs associated with a film or television program that management plans to abandon is zero. Estimates of future revenue involve measurement uncertainty and it is therefore possible that reductions in the carrying value of investment in films and television programs may be required as a consequence of changes in management’s future revenue estimates.
Property and Equipment, net	Property and Equipment, net Property and equipment is carried at cost less accumulated depreciation. Depreciation is provided for on a straight line basis over the following useful lives: Distribution equipment 3 — 7 years Computer equipment and software 3 — 5 years Furniture and equipment 3 — 7 years Leasehold improvements Lease term or the useful life, whichever is shorter Land Not depreciated The Company periodically reviews and evaluates the recoverability of property and equipment. Where applicable, estimates of net future cash flows, on an undiscounted basis, are calculated based on future revenue estimates. If appropriate and where deemed necessary, a reduction in the carrying amount is recorded based on the difference between the carrying amount and the fair value based on discounted cash flows.
Leases	Leases The Company determines if an arrangement is a lease at its inception. The expected term of the lease used for computing the lease liability and right-of-use ("ROU") asset and determining the classification of the lease as operating or financing may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The Company also elected to not separate lease components from non-lease components across all lease categories. Instead, each separate lease component and non-lease component are accounted for as a single lease component. Operating Leases. Operating lease ROU assets, representing the Company's right to use the underlying asset for the lease term, are included in the "Other assets - non-current" line item in the Company's consolidated balance sheet. Operating lease liabilities, representing the present value of the Company's obligation to make payments over the lease term, are included in the “Accounts payable and accrued liabilities” and “Other liabilities - non-current” line items in the Company's consolidated balance sheet. The Company has entered into various short-term operating leases which have an initial term of 12 months or less. These short-term leases are not recorded on the Company's consolidated balance sheet. Lease expense for operating leases is recognized on a straight-line basis over the lease term. Finance Leases. Finance lease ROU assets are included in "Property and equipment, net" and finance lease liabilities are included in the “Debt - short-term portion” and “Debt - non-current” line items in the Company's consolidated balance sheet. For finance leases, the Company recognizes interest expense on lease liabilities using the effective interest method and amortization of ROU assets on a straight-line basis over the lease term. As of March 31, 2022, the Company does not have any outstanding finance leases. The present value of the lease payments is calculated using a rate implicit in the lease, when readily determinable. However, as most of the Company's leases do not provide an implicit rate, the Company uses its incremental borrowing rate to determine the present value of the lease payments for the majority of its leases. Variable lease payments that are based on an index or rate are included in the measurement of ROU assets and lease liabilities at lease inception. All other variable lease payments are expensed as incurred and are not included in the measurement of ROU assets and lease liabilities.
Investments	Investments Investments include investments accounted for under the equity method of accounting, and equity investments with and without readily determinable fair value. Equity Method Investments: The Company uses the equity method of accounting for investments in companies in which it has a minority equity interest and the ability to exert significant influence over operating decisions of the companies. Significant influence is generally presumed to exist when the Company owns between 20% and 50% of the voting interests in the investee, holds substantial management rights or holds an interest of less than 20% in an investee that is a limited liability partnership or limited liability corporation that is treated as a flow-through entity. Under the equity method of accounting, the Company's share of the investee's earnings (losses), net of intercompany eliminations, are included in the "equity interest income (loss)" line item in the consolidated statement of operations. The Company records its share of the net income or loss of most equity method investments on a one quarter lag and, accordingly, during the years ended March 31, 2022, 2021, and 2020, the Company recorded its share of the income or loss generated by these entities for the years ended December 31, 2021, 2020 and 2019, respectively. Dividends and other distributions from equity method investees are recorded as a reduction of the Company's investment. Distributions received up to the Company's interest in the investee's retained earnings are considered returns on investments and are classified within cash flows from operating activities in the consolidated statement of cash flows. Distributions from equity method investments in excess of the Company's interest in the investee's retained earnings are considered returns of investments and are classified within cash flows provided by investing activities in the statement of cash flows. Other Equity Investments: Investments in nonconsolidated affiliates in which the Company owns less than 20% of the voting common stock, or does not exercise significant influence over operating and financial policies, are recorded at fair value using quoted market prices if the investment has a readily determinable fair value. If an equity investment's fair value is not readily determinable, the Company will recognize it at cost less any impairment, adjusted for observable price changes in orderly transactions in the investees' securities that are identical or similar to our investments in the investee. The unrealized gains and losses and the adjustments related to the observable price changes are recognized in net income (loss). Impairments of Investments: The Company regularly reviews its investments for impairment, including when the carrying value of an investment exceeds its market value. If the Company determines that an investment has sustained an other-than-temporary decline in its value, the investment is written down to its fair value by a charge to earnings. Factors that are considered by the Company in determining whether an other-than-temporary decline in value has occurred include (i) the market value of the security in relation to its cost basis, (ii) the financial condition of the investee, and (iii) the Company’s intent and ability to retain the investment for a sufficient period of time to allow for recovery in the market value of the investment. For investments accounted for using the equity method of accounting or equity investments without a readily determinable fair value, the Company evaluates information available (e.g., budgets, business plans, financial statements, etc.) in addition to quoted market prices, if any, in determining whether an other-than-temporary decline in value exists. Factors indicative of an other-than-temporary decline include recurring operating losses, credit defaults and subsequent rounds of financing at an amount below the cost basis of the Company’s investment.
Finite-Lived Intangible Assets	Finite-Lived Intangible Assets At March 31, 2022, the carrying value of the Company's finite-lived intangible assets was approximately $1.19 billion. The Company's finite-lived intangible assets primarily relate to customer relationships associated with U.S. MVPDs, including cable operators, satellite television providers and telecommunications companies ("Traditional Affiliate"), which amounted to $1.18 billion. The amount of the Company's customer relationship asset related to these Traditional Affiliate relationships reflects the estimated fair value of these customer relationships determined in connection with the acquisition of Starz on December 8, 2016, net of amortization recorded since the date of the Starz acquisition. Identifiable intangible assets with finite lives are amortized to depreciation and amortization expense over their estimated useful lives, ranging from 5 to 16 years. The Starz Traditional Affiliate customer relationship intangible asset is amortized in the proportion that current period revenues bear to management’s estimate of future revenue over the remaining estimated useful life of the asset, which results in greater amortization in the earlier years of the estimated useful life of the asset than the latter years. Amortizable intangible assets are tested for impairment whenever events or changes in circumstances (triggering events) indicate that the carrying amount of the asset may not be recoverable. If a triggering event has occurred, an impairment analysis is required. The impairment test first requires a comparison of undiscounted future cash flows expected to be generated over the useful life of an asset to the carrying value of the asset. The impairment test is performed at the lowest level of cash flows associated with the asset. If the carrying value of the asset exceeds the undiscounted future cash flows, the asset would not be deemed to be recoverable. Impairment would then be measured as the excess of the asset’s carrying value over its fair value. The Company monitors its finite-lived intangible assets and changes in the underlying circumstances each reporting period for indicators of possible impairments or a change in the useful life or method of amortization of our finite-lived intangible assets. For fiscal 2022 and fiscal 2021, due to changes in the industry related to the migration from linear to OTT and direct-to-
Goodwill and Indefinite-Lived Intangible Assets, Goodwill	Goodwill and Indefinite-Lived Intangible Assets At March 31, 2022, the carrying value of goodwill and indefinite-lived intangible assets was $2.8 billion and $250.0 million, respectively. The Company's indefinite-lived intangible assets consist of trade names primarily representing the estimated fair value of the Starz brand name determined in connection with the acquisition of Starz as of December 8, 2016. Goodwill is allocated to the Company's reporting units, which are its operating segments or one level below its operating segments (component level). Reporting units are determined by the discrete financial information available for the component and whether that information is regularly reviewed by segment management. Components are aggregated into a single reporting unit if they share similar economic characteristics. Our reporting units for purposes of goodwill impairment testing at March 31, 2022 were Motion Picture, Media Networks, and our Television and Talent Management businesses, both of which are part of our Television Production segment. Goodwill and indefinite-lived intangible assets are not amortized, but are reviewed for impairment each fiscal year or between the annual tests if an event occurs or circumstances change that indicates it is more-likely-than-not that the fair value of a reporting unit or indefinite-lived intangible asset is less than its carrying value. The Company performs its annual impairment test as of January 1 in each fiscal year. A goodwill or indefinite-lived intangible asset impairment loss would be recognized for the amount that the carrying amount of a reporting unit, including goodwill or an indefinite-lived intangible asset, exceeds its fair value. An entity may perform a qualitative assessment of the likelihood of the existence of a goodwill or indefinite-lived intangible asset impairment. The qualitative assessment is an evaluation, based on all identified events and circumstances which impact the fair value of the reporting unit or indefinite-lived intangible asset, of whether or not it is more-likely-than-not that the fair value is less than the carrying value of the reporting unit or indefinite-lived intangible asset. If the Company believes that as a result of its qualitative assessment it is more likely than not that the fair value of a reporting unit or indefinite-lived intangible asset is greater than its carrying amount, a quantitative impairment test is not required but may be performed at the option of the Company. A quantitative assessment requires determining the fair value of our reporting units or indefinite-lived intangible assets. The determination of the fair value of each reporting unit or indefinite-lived intangible asset utilizes discounted cash flows ("DCF") analyses and market-based valuation methodologies, which represent Level 3 fair value measurements. Fair value determinations require considerable judgment and requires assumptions and estimates of many factors, including revenue and market growth, operating margins and cash flows, market multiples and discount rates, and are sensitive to changes in these underlying assumptions and factors. Goodwill Impairment Assessment: For our annual goodwill impairment test for fiscal 2021, due to the increase in the market price of our common shares since our most recent previous quantitative impairment assessment at March 31, 2020, the performance of the Television and Media Networks reporting units in fiscal 2021, and the improvement of overall economic conditions associated with the COVID-19 pandemic as compared to fiscal 2020, the Company performed a qualitative assessment for all reporting units. This assessment included consideration of, but not limited to, the results of our most recent quantitative impairment test, consideration of macroeconomic conditions, industry and market conditions, performance and current and projected cash flows of our reporting units, and changes in our share price. Based upon our qualitative assessment, the Company concluded that it was more-likely-than-not that the fair value of its reporting units was greater than their carrying value. For fiscal 2022, due to overall macroeconomic conditions, including the uncertainty of the longer-term economic impacts of the COVID-19 global pandemic, and the competitive environment for subscribers and its impact on subscriber growth rates, and our businesses, the Company performed a quantitative impairment assessment for all of its reporting units as of January 1, 2022. The DCF analysis components of the fair value estimates were determined primarily by discounting estimated future cash flows, which included weighted average perpetual nominal growth rates ranging from 1.5% to 3.5%, at a weighted average cost of capital (discount rate) ranging from 10.5% to 11.8%, which considered the risk of achieving the projected cash flows, including the risk applicable to the reporting unit, industry and market as a whole. Based on the Company's annual quantitative impairment assessment for fiscal 2022, the Company determined that one of its reporting units (Media Networks) was at risk for impairment due to relatively small changes in certain key assumptions that could cause an impairment of goodwill. The fair value analysis of our Media Networks reporting unit indicated that the fair value exceeded the related carrying value by approximately 10%. Management will continue to monitor all of its reporting units for changes in the business environment that could impact the recoverability of goodwill in future periods. The recoverability of goodwill is dependent upon the continued growth of revenue and cash flows from the Company's business activities. Examples of events or circumstances that could result in changes to the underlying key assumptions and judgments used in our goodwill impairment tests, and ultimately impact the estimated fair value of the Company's reporting units may include the duration of the COVID-19 global pandemic, its impact on the global economy and the creation and consumption of the Company's content; adverse macroeconomic conditions; volatility in the equity and debt markets which could result in higher weighted-average cost of capital; the commercial success of the Company's television programming and motion pictures; the Company's continual contractual relationships with its customers; including its affiliate agreements of its Media Networks business; the Company's subscriber growth rates domestically and internationally across its traditional and OTT platforms and changes in consumer behavior. While historical performance and current expectations have resulted in fair values of our reporting units in excess of carrying values, if our assumptions are not realized, it is possible that an impairment charge may need to be recorded in the future. Indefinite-Lived Intangibles Other Than Goodwill Impairment Assessment:
Goodwill and Indefinite-Lived Intangible Assets, Indefinite-Lived Intangible Assets	Goodwill and Indefinite-Lived Intangible Assets At March 31, 2022, the carrying value of goodwill and indefinite-lived intangible assets was $2.8 billion and $250.0 million, respectively. The Company's indefinite-lived intangible assets consist of trade names primarily representing the estimated fair value of the Starz brand name determined in connection with the acquisition of Starz as of December 8, 2016. Goodwill is allocated to the Company's reporting units, which are its operating segments or one level below its operating segments (component level). Reporting units are determined by the discrete financial information available for the component and whether that information is regularly reviewed by segment management. Components are aggregated into a single reporting unit if they share similar economic characteristics. Our reporting units for purposes of goodwill impairment testing at March 31, 2022 were Motion Picture, Media Networks, and our Television and Talent Management businesses, both of which are part of our Television Production segment. Goodwill and indefinite-lived intangible assets are not amortized, but are reviewed for impairment each fiscal year or between the annual tests if an event occurs or circumstances change that indicates it is more-likely-than-not that the fair value of a reporting unit or indefinite-lived intangible asset is less than its carrying value. The Company performs its annual impairment test as of January 1 in each fiscal year. A goodwill or indefinite-lived intangible asset impairment loss would be recognized for the amount that the carrying amount of a reporting unit, including goodwill or an indefinite-lived intangible asset, exceeds its fair value. An entity may perform a qualitative assessment of the likelihood of the existence of a goodwill or indefinite-lived intangible asset impairment. The qualitative assessment is an evaluation, based on all identified events and circumstances which impact the fair value of the reporting unit or indefinite-lived intangible asset, of whether or not it is more-likely-than-not that the fair value is less than the carrying value of the reporting unit or indefinite-lived intangible asset. If the Company believes that as a result of its qualitative assessment it is more likely than not that the fair value of a reporting unit or indefinite-lived intangible asset is greater than its carrying amount, a quantitative impairment test is not required but may be performed at the option of the Company. A quantitative assessment requires determining the fair value of our reporting units or indefinite-lived intangible assets. The determination of the fair value of each reporting unit or indefinite-lived intangible asset utilizes discounted cash flows ("DCF") analyses and market-based valuation methodologies, which represent Level 3 fair value measurements. Fair value determinations require considerable judgment and requires assumptions and estimates of many factors, including revenue and market growth, operating margins and cash flows, market multiples and discount rates, and are sensitive to changes in these underlying assumptions and factors. Goodwill Impairment Assessment: For our annual goodwill impairment test for fiscal 2021, due to the increase in the market price of our common shares since our most recent previous quantitative impairment assessment at March 31, 2020, the performance of the Television and Media Networks reporting units in fiscal 2021, and the improvement of overall economic conditions associated with the COVID-19 pandemic as compared to fiscal 2020, the Company performed a qualitative assessment for all reporting units. This assessment included consideration of, but not limited to, the results of our most recent quantitative impairment test, consideration of macroeconomic conditions, industry and market conditions, performance and current and projected cash flows of our reporting units, and changes in our share price. Based upon our qualitative assessment, the Company concluded that it was more-likely-than-not that the fair value of its reporting units was greater than their carrying value. For fiscal 2022, due to overall macroeconomic conditions, including the uncertainty of the longer-term economic impacts of the COVID-19 global pandemic, and the competitive environment for subscribers and its impact on subscriber growth rates, and our businesses, the Company performed a quantitative impairment assessment for all of its reporting units as of January 1, 2022. The DCF analysis components of the fair value estimates were determined primarily by discounting estimated future cash flows, which included weighted average perpetual nominal growth rates ranging from 1.5% to 3.5%, at a weighted average cost of capital (discount rate) ranging from 10.5% to 11.8%, which considered the risk of achieving the projected cash flows, including the risk applicable to the reporting unit, industry and market as a whole. Based on the Company's annual quantitative impairment assessment for fiscal 2022, the Company determined that one of its reporting units (Media Networks) was at risk for impairment due to relatively small changes in certain key assumptions that could cause an impairment of goodwill. The fair value analysis of our Media Networks reporting unit indicated that the fair value exceeded the related carrying value by approximately 10%. Management will continue to monitor all of its reporting units for changes in the business environment that could impact the recoverability of goodwill in future periods. The recoverability of goodwill is dependent upon the continued growth of revenue and cash flows from the Company's business activities. Examples of events or circumstances that could result in changes to the underlying key assumptions and judgments used in our goodwill impairment tests, and ultimately impact the estimated fair value of the Company's reporting units may include the duration of the COVID-19 global pandemic, its impact on the global economy and the creation and consumption of the Company's content; adverse macroeconomic conditions; volatility in the equity and debt markets which could result in higher weighted-average cost of capital; the commercial success of the Company's television programming and motion pictures; the Company's continual contractual relationships with its customers; including its affiliate agreements of its Media Networks business; the Company's subscriber growth rates domestically and internationally across its traditional and OTT platforms and changes in consumer behavior. While historical performance and current expectations have resulted in fair values of our reporting units in excess of carrying values, if our assumptions are not realized, it is possible that an impairment charge may need to be recorded in the future. Indefinite-Lived Intangibles Other Than Goodwill Impairment Assessment:
Prints, Advertising and Marketing Expenses	Prints, Advertising and Marketing Expenses The costs of prints, advertising and marketing expenses are expensed as incurred. Certain of Starz’s affiliation agreements require Starz to provide marketing support to the distributor based upon certain criteria as stipulated in the agreements. Marketing support includes cooperative advertising and marketing efforts between Starz and its distributors such as cross channel, direct mail and point of sale incentives. Marketing support is recorded as an expense and not a reduction of revenue when Starz has received a direct benefit and the fair value of such benefit is determinable.
Income Taxes and Government Assistance	Income Taxes Income taxes are accounted for using an asset and liability approach for financial accounting and reporting for income taxes and recognition and measurement of deferred assets are based upon the likelihood of realization of tax benefits in future years. Under this method, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Valuation allowances are established when management determines that it is more likely than not that some portion or all of the net deferred tax asset, on a jurisdiction by jurisdiction basis, will not be realized. The financial effect of changes in tax laws or rates is accounted for in the period of enactment. From time to time, the Company engages in transactions in which the tax consequences may be subject to uncertainty. Significant judgment is required in assessing and estimating the tax consequences of these transactions. In determining the Company’s tax provision for financial reporting purposes, the Company establishes a reserve for uncertain tax positions unless such positions are determined to be more likely than not of being sustained upon examination, based on their technical merits. The Company’s policy is to recognize interest and/or penalties related to income tax matters in income tax expense. Government Assistance The Company has access to government programs that are designed to promote film and television production and distribution in certain foreign countries. The Company also has access to similar programs in certain states within the U.S. that are designed to promote film and television production in those states. Tax credits earned with respect to expenditures on qualifying film and television productions are included as an offset to investment in films and television programs when the qualifying expenditures have been incurred provided that there is reasonable assurance that the credits will be realized (see Note 19).
Foreign Currency Translation	Foreign Currency Translation Monetary assets and liabilities denominated in currencies other than the functional currency are translated at exchange rates in effect at the balance sheet date. Resulting unrealized and realized gains and losses are included in the consolidated statements of operations.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Derivative financial instruments are used by the Company in the management of its foreign currency and interest rate exposures. The Company’s policy is not to use derivative financial instruments for trading or speculative purposes.
Share-Based Compensation	Share-Based CompensationThe Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. The fair value is recognized in earnings over the period during which an employee is required to provide service. See Note 13 for further discussion of the Company’s share-based compensation.
Net Income (Loss) Per Share	Net Loss Per Share Basic net loss per share is calculated based on the weighted average common shares outstanding for the period. Basic and diluted net loss per share for the years ended March 31, 2022, 2021 and 2020 is presented below: Year Ended March 31, 2022 2021 2020 (Amounts in millions, except per share amounts) Basic and Diluted Net Loss Per Common Share: Numerator: Net loss attributable to Lions Gate Entertainment Corp. shareholders $ (188.2) $ (18.9) $ (188.4) Denominator: Weighted average common shares outstanding 224.1 220.5 217.9 Basic and diluted net loss per common share $ (0.84) $ (0.09) $ (0.86) As a result of the net loss in the fiscal years ended March 31, 2022, 2021 and 2020, the dilutive effect of the share purchase options, restricted share units ("RSUs") and restricted stock, and contingently issuable shares were considered anti-dilutive and, therefore, excluded from diluted net loss per share. The weighted average anti-dilutive shares excluded from the calculation due to the net loss for the fiscal years ended March 31, 2022, 2021 and 2020 totaled 5.3 million, 2.2 million and 2.2 million, respectively. Additionally, for the years ended March 31, 2022, 2021 and 2020, the outstanding common shares issuable presented below were excluded from diluted net loss per common share because their inclusion would have had an anti-dilutive effect regardless of net income or loss in the period. Year Ended March 31, 2022 2021 2020 (Amounts in millions) Anti-dilutive shares issuable Share purchase options 16.0 24.6 31.4 Restricted share units 0.4 1.4 2.4 Other issuable shares 2.2 3.1 4.0 Total weighted average anti-dilutive shares issuable excluded from diluted net loss per common share 18.6 29.1 37.8
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Guidance Adopted in Fiscal 2022 Reference Rate Reform: In March 2020, the Financial Accounting Standards Board ("FASB") issued guidance which provides optional expedients and exceptions for applying U.S. GAAP to contract modifications, hedging relationships, and other transactions affected by the market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates, if certain criteria are met. Additionally, in January 2021, the FASB issued additional guidance, which allows entities to elect certain optional expedients and exceptions when accounting for derivative contracts and certain hedging relationships affected by changes in the interest rates. The guidance is applicable to contract modifications made and hedging relationships entered into between March 12, 2020 and December 31, 2022. The Company adopted this guidance on July 1, 2021 and is applying its provisions prospectively through December 31, 2022, with no material impact to the Company’s consolidated financial statements. See Note 18 for further information. Accounting for Revenue Contracts Acquired in a Business Combination: In October 2021, the FASB issued guidance which requires entities to recognize and measure contract assets and contract liabilities from contracts with customers acquired in a business combination in accordance with Accounting Standards Codification Topic 606. The Company adopted this guidance on October 1, 2021 and is applying its provisions prospectively, with no material impact to the Company's consolidated financial statements. Accounting Guidance Not Yet Adopted Government Assistance: In November 2021, the FASB issued guidance which requires certain annual disclosures about transactions with a government that are accounted for by applying a grant or contribution accounting model. This guidance is effective for the Company's fiscal year beginning April 1, 2022, with early adoption permitted. The Company does not expect that the adoption of this guidance will have a material effect on its consolidated financial statements.

Description of Business, Basi_3

Description of Business, Basis of Presentation and Significant Accounting Policies (Tables)	12 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Useful Lives and Depreciation Methods of Property and Equipment	Depreciation is provided for on a straight line basis over the following useful lives: Distribution equipment 3 — 7 years Computer equipment and software 3 — 5 years Furniture and equipment 3 — 7 years Leasehold improvements Lease term or the useful life, whichever is shorter Land Not depreciated
Basic and Diluted Net Loss Per Common Share	Basic net loss per share is calculated based on the weighted average common shares outstanding for the period. Basic and diluted net loss per share for the years ended March 31, 2022, 2021 and 2020 is presented below: Year Ended March 31, 2022 2021 2020 (Amounts in millions, except per share amounts) Basic and Diluted Net Loss Per Common Share: Numerator: Net loss attributable to Lions Gate Entertainment Corp. shareholders $ (188.2) $ (18.9) $ (188.4) Denominator: Weighted average common shares outstanding 224.1 220.5 217.9 Basic and diluted net loss per common share $ (0.84) $ (0.09) $ (0.86)
Anti-dilutive Shares Issuable	Additionally, for the years ended March 31, 2022, 2021 and 2020, the outstanding common shares issuable presented below were excluded from diluted net loss per common share because their inclusion would have had an anti-dilutive effect regardless of net income or loss in the period. Year Ended March 31, 2022 2021 2020 (Amounts in millions) Anti-dilutive shares issuable Share purchase options 16.0 24.6 31.4 Restricted share units 0.4 1.4 2.4 Other issuable shares 2.2 3.1 4.0 Total weighted average anti-dilutive shares issuable excluded from diluted net loss per common share 18.6 29.1 37.8

Investment in Films and Telev_2

Investment in Films and Television Programs and Licensed Program Rights (Tables)	12 Months Ended
	Mar. 31, 2022
Investment in Films and Television Programs and Licensed Program Rights [Abstract]
Investment in Films and Television Programs and Licensed Program Rights	Total investment in films and television programs and licensed program rights by predominant monetization strategy is as follows: March 31, March 31, (Amounts in millions) Investment in Films and Television Programs: Individual Monetization (1) Released, net of accumulated amortization $ 557.5 $ 414.7 Completed and not released 121.4 60.3 In progress 574.9 418.7 In development 102.7 92.9 1,356.5 986.6 Film Group Monetization Released, net of accumulated amortization $ 469.5 200.4 Completed and not released 253.2 — In progress 427.6 497.1 In development 11.4 28.2 1,161.7 725.7 Licensed program rights, net of accumulated amortization $ 495.4 510.4 Investment in films and television programs and program rights, net $ 3,013.6 $ 2,222.7 ________________________ (1) At March 31, 2022, the unamortized balance related to completed and not released and in progress theatrical films was $500.8 million.
Amortization of Investment in Films and Television Programs and Licensed Program Rights	Amortization of investment in film and television programs and licensed program rights by predominant monetization strategy is as follows for the fiscal years ended March 31, 2022 and 2021, and was included in direct operating expense in the consolidated statement of operations: Year Ended March 31, 2022 2021 Amortization expense: Individual monetization $ 887.3 $ 539.3 Film group monetization 303.0 229.0 Licensed program rights 377.4 421.5 $ 1,567.7 $ 1,189.8
Schedule of Estimated Future Amortization Expense for Investment in Films and Television Programs and Licensed Program Rights	The table below summarizes estimated future amortization expense for the Company's investment in film and television programs and licensed program rights as of March 31, 2022: Year Ending March 31, 2023 2024 2025 (Amounts in millions) Estimated future amortization expense: Released investment in films and television programs: Individual monetization $ 196.0 $ 91.2 $ 72.2 Film group monetization $ 145.8 $ 91.1 $ 64.8 Licensed program rights $ 256.7 $ 111.4 $ 64.8 Completed and not released investment in films and television programs: Individual monetization $ 90.9 n/a n/a Film group monetization $ 133.5 n/a n/a
Impairments By Segment	Investment in films and television programs and licensed program rights includes write-downs to fair value, which are included in direct operating expense on the consolidated statements of operations, and represented the following amounts by segment for the fiscal years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Impairments by segment: Motion Picture $ 1.2 $ 19.4 $ 42.1 Television Production 34.9 10.3 1.8 Impairments not included in segment operating results (1) 36.9 15.4 91.6 $ 73.0 $ 45.1 $ 135.5 ________________________ (1) Fiscal 2022: Represents impairment charges recorded as a result of a strategic review of original programming on the STARZ platform, which identified certain titles with limited viewership or strategic purpose which were removed from the STARZ service and abandoned by the Media Networks segment. Fiscal 2021: Represents impairment charges as a result of changes in performance expectations associated with the circumstances associated with the COVID-19 global pandemic. Fiscal 2020:

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	March 31, 2022 March 31, 2021 (Amounts in millions) Distribution equipment $ 18.8 $ 15.2 Leasehold improvements 43.5 42.9 Property and equipment 25.3 16.7 Computer equipment and software 219.7 197.0 307.3 271.8 Less accumulated depreciation and amortization (227.3) (181.9) 80.0 89.9 Land 1.2 1.2 $ 81.2 $ 91.1

Investments (Tables)

Investments (Tables)	12 Months Ended
	Mar. 31, 2022
Equity Method Investments, and Investments in Debt and Equity Securities [Abstract]
Carrying Amount of Investments, By Category	The Company's investments consisted of the following: March 31, March 31, (Amounts in millions) Investments in equity method investees $ 53.9 $ 30.1 Other investments 2.1 1.8 $ 56.0 $ 31.9
Summarized Balance Sheet Information	Summarized financial information for the Company's equity method investees on an aggregate basis is set forth below: March 31, March 31, (Amounts in millions) Current assets $ 125.3 $ 135.2 Non-current assets $ 166.4 $ 177.7 Current liabilities $ 253.9 $ 201.1 Non-current liabilities $ 59.8 $ 91.7
Summarized Statement of Operations	Year Ended March 31, 2022 2021 2020 (Amounts in millions) Revenues $ 86.0 $ 84.6 $ 131.9 Gross profit $ 26.5 $ 32.0 $ 51.1 Net loss $ (46.1) $ (62.6) $ (64.4)

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying value of goodwill by reporting segment were as follows: Motion Television Media Networks Total (Amounts in millions) Balance as of March 31, 2020 $ 393.7 $ 401.9 $ 2,037.9 $ 2,833.5 Sale of Pantaya (1) — — (69.0) (69.0) Balance as of March 31, 2021 $ 393.7 $ 401.9 $ 1,968.9 $ 2,764.5 Balance as of March 31, 2022 $ 393.7 $ 401.9 $ 1,968.9 $ 2,764.5 ______________________
Finite-Lived Intangible Assets	Finite-lived intangible assets consisted of the following: March 31, 2022 March 31, 2021 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (Amounts in millions) Finite-lived intangible assets subject to amortization: Customer relationships (1) $ 1,852.0 $ 671.3 $ 1,180.7 $ 1,852.0 $ 540.1 $ 1,311.9 Trademarks and trade names 3.6 2.2 1.4 3.6 1.8 1.8 Other 23.9 15.8 8.1 23.9 12.5 11.4 $ 1,879.5 $ 689.3 $ 1,190.2 $ 1,879.5 $ 554.4 $ 1,325.1 _______________ (1) Customer relationships primarily represent Starz affiliation agreements with distributors.
Indefinite-Lived Intangible Assets	Indefinite-lived intangible assets not subject to amortization consisted of the following: March 31, 2022 March 31, 2021 (Amounts in millions) Indefinite-lived intangible assets not subject to amortization: Tradenames (1) $ 250.0 $ 250.0 _______________

Debt (Tables)

Debt (Tables)	12 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt, Excluding Film Related and Other Obligations	Total debt of the Company, excluding film related and other obligations, was as follows : March 31, March 31, (Amounts in millions) Corporate debt: Revolving Credit Facility $ — $ — Term Loan A 2023 Term Loan A (1) 193.6 660.0 2026 Term Loan A 444.9 — Term Loan B 844.2 952.6 5.500% Senior Notes 1,000.0 — 5.875% Senior Notes — 518.7 6.375% Senior Notes — 545.6 Total corporate debt 2,482.7 2,676.9 Unamortized debt issuance costs (57.8) (46.0) Total debt, net 2,424.9 2,630.9 Less current portion (222.8) (88.0) Non-current portion of debt $ 2,202.1 $ 2,542.9 ________________ (1) Subsequent to March 31, 2022, in April 2022, the Company voluntarily prepaid the entire outstanding principal amount of the 2023 Term Loan A of $193.6 million, together with accrued and unpaid interest. See Note 21 - Subsequent Events.
Future Annual Contractual Principal Payment Commitments of Debt	The following table sets forth future annual contractual principal payment commitments of debt as of March 31, 2022: Maturity Date Year Ending March 31, Debt Type 2023 2024 2025 2026 2027 Thereafter Total (Amounts in millions) Revolving Credit Facility April 2026 $ — $ — $ — $ — $ — $ — $ — Term Loan A 2023 Term Loan A (1) March 2023 193.6 — — — — — 193.6 2026 Term Loan A April 2026 16.7 28.9 41.1 44.5 313.7 — 444.9 Term Loan B March 2025 12.5 12.5 819.2 — — — 844.2 5.500% Senior Notes April 2029 — — — — — 1,000.0 1,000.0 $ 222.8 $ 41.4 $ 860.3 $ 44.5 $ 313.7 $ 1,000.0 2,482.7 Less aggregate unamortized debt issuance costs (57.8) $ 2,424.9 ________________ (1) Subsequent to March 31, 2022, in April 2022, the Company voluntarily prepaid the entire outstanding principal amount of the 2023 Term Loan A of $193.6 million, together with accrued and unpaid interest. See Note 21 - Subsequent Events.
Loss (Gain) on Extinguishment of Debt	During the year ended March 31, 2022, the Company recorded a loss on extinguishment of debt related to the transactions described above, as summarized in the table below: Year Ended Loss on Extinguishment of Debt Recorded as a Reduction of Outstanding Debt Balances & Amortized Over Life of New Issuances Total (Amounts in millions) Credit Agreement amendment (Revolving Credit Facility and Term Loan A) and Senior Notes redemption and issuance: New debt issuance costs and call premiums $ 21.2 $ 31.0 $ 52.2 Previously incurred debt issuance costs 5.2 31.1 36.3 $ 26.4 $ 62.1 $ 88.5 Termination of a portion of Revolving Credit Facility commitments, Term Loan B repurchases and other (1) 1.8 Total loss on extinguishment of debt $ 28.2 ________________

Film Related and Other Obliga_2

Film Related and Other Obligations (Tables)	12 Months Ended
	Mar. 31, 2022
Film Related And Other Obligations [Abstract]
Components	March 31, March 31, (Amounts in millions) Program rights and film obligations $ 278.4 $ 214.6 Production and related loans 1,286.7 493.5 IP Credit Facility and other financing obligations (1) 123.5 — Total film related and other obligations 1,688.6 708.1 Unamortized debt issuance costs (8.5) (4.6) Total film related and other obligations, net 1,680.1 703.5 Less current portion (951.1) (385.0) Total non-current film related and other obligations $ 729.0 $ 318.5 ________________________
Future Annual Repayment of Film Related and Other Obligations	The following table sets forth future annual repayment of film related and other obligations as of March 31, 2022. Year Ending March 31, 2023 2024 2025 2026 2027 Thereafter Total (Amounts in millions) Program rights and film obligations $ 199.6 $ 46.7 $ 17.7 $ 4.6 $ 1.3 $ 8.5 $ 278.4 Production and related loans 732.9 190.1 363.7 — — — 1,286.7 IP Credit Facility and other financing obligations (1) 27.1 25.4 26.3 26.3 18.4 — 123.5 $ 959.6 $ 262.2 $ 407.7 $ 30.9 $ 19.7 $ 8.5 $ 1,688.6 Less unamortized debt issuance costs (8.5) $ 1,680.1 ________________________
Schedule of Cumulative Minimum Guaranteed Payments of IP Credit Facility	The cash flows generated from the exploitation of the rights will be applied to repay the IP Credit Facility subject to cumulative minimum guaranteed payment amounts as set forth below: Cumulative Period Through: Cumulative Minimum Guaranteed Payment Amounts Payment Due Date (in millions) September 30, 2022 $26.3 November 14, 2022 September 30, 2023 $52.5 November 14, 2023 September 30, 2024 $78.8 November 14, 2024 September 30, 2025 $105.0 November 14, 2025 July 30, 2026 $140.0 July 30, 2026

Leases (Tables)

Leases (Tables)	12 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Lease Cost	The components of lease cost were as follows: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Operating lease cost (1) $ 54.9 $ 45.1 $ 35.3 Finance lease cost Amortization of right-of-use assets — 2.6 3.0 Interest on lease liabilities — 1.6 3.4 Total finance lease cost — 4.2 6.4 Short-term lease cost (2) 233.1 129.5 93.3 Variable lease cost (3) 1.4 2.6 2.5 Total lease cost $ 289.4 $ 181.4 $ 137.5 ___________________ (1) Operating lease cost amounts primarily represent the amortization of right-of-use assets and are included in the “other amortization” line of the consolidated statements of cash flows. Amounts include costs capitalized during the period for leased assets used in the production of film and television programs. (2) Short-term lease cost primarily consists of leases of facilities and equipment associated with film and television productions and are capitalized when incurred. (3) Variable lease cost primarily consists of insurance, taxes, maintenance and other operating costs. March 31, March 31, Weighted average remaining lease term (in years): Operating leases 6.0 5.1 Weighted average discount rate: Operating leases 3.32 % 3.88 %
Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: Category Balance Sheet Location March 31, March 31, Operating Leases (Amounts in millions) Right-of-use assets Other assets - non-current $ 170.7 127.0 Lease liabilities (current) Accounts payable and accrued liabilities $ 41.4 41.4 Lease liabilities (non-current) Other liabilities - non-current 159.3 119.9 $ 200.7 161.3
Maturity of Operating Lease Liabilities	The expected future payments relating to the Company's lease liabilities at March 31, 2022 are as follows: Operating (Amounts in millions) Year ending March 31, 2023 $ 36.6 2024 38.1 2025 36.8 2026 30.7 2027 24.1 Thereafter 59.6 Total lease payments 225.9 Less imputed interest (25.2) Total $ 200.7

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Assets and Liabilities Required to Be Carried At Fair Value on a Recurring Basis	The following table sets forth the assets and liabilities required to be carried at fair value on a recurring basis as of March 31, 2022 and 2021: March 31, 2022 March 31, 2021 Level 1 Level 2 Total Level 1 Level 2 Total Assets: (Amounts in millions) Equity securities with a readily determinable fair value $ 0.5 $ — $ 0.5 $ 1.8 $ — $ 1.8 Forward exchange contracts (see Note 18) — 3.5 3.5 — 1.5 1.5 Interest rate swaps (see Note 18) (1) — 120.1 120.1 — 149.0 149.0 Liabilities: Forward exchange contracts (see Note 18) — (2.8) (2.8) — (2.6) (2.6) Interest rate swaps (see Note 18) — 28.6 28.6 — (78.4) (78.4) ________________ (1) Amounts at March 31, 2022 and 2021 exclude $88.1 million and $98.2 million, respectively, of financing component of interest rate swaps recorded as a reduction of assets under master netting arrangements which are presented in the table below.
Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried at Fair Value on a Recurring Basis	The following table sets forth the carrying values and fair values of the Company’s outstanding debt, production and related loans, IP Credit Facility, and interest rate swaps at March 31, 2022 and 2021: March 31, 2022 March 31, 2021 (Amounts in millions) Carrying Fair Value (1) Carrying Value Fair Value (1) (Level 2) (Level 2) Term Loan A (2) $ 631.9 $ 625.7 $ 651.4 $ 647.6 Term Loan B 837.5 828.3 942.8 936.0 5.500% Senior Notes 965.8 962.5 — — 5.875% Senior Notes — — 506.7 533.9 6.375% Senior Notes — — 540.8 563.0 Production and related loans 1,281.2 1,286.7 489.0 493.5 IP Credit Facility and other financing obligations (3) 120.6 123.5 — — Financing component of interest rate swaps (4) 134.0 122.9 152.5 144.7 ________________ (1) The Company measures the fair value of its outstanding debt and interest rate swaps using discounted cash flow techniques that use observable market inputs, such as LIBOR-based yield curves, swap rates, and credit ratings (Level 2 measurements). (2) Subsequent to March 31, 2022, in April 2022, the Company voluntarily prepaid the entire outstanding principal amount of the 2023 Term Loan A of $193.6 million, together with accrued and unpaid interest. See Note 21 - Subsequent Events. (3) See Note 21 - Subsequent Events for amounts received under the IGR Facility subsequent to March 31, 2022. (4) Amounts at March 31, 2022 and 2021 include $88.1 million and $98.2 million, respectively, recorded as a reduction of assets under master netting arrangements.

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	12 Months Ended
	Mar. 31, 2022
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interests	The table below presents the reconciliation of changes in redeemable noncontrolling interests: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Beginning balance $ 219.1 $ 167.8 $ 127.6 Net loss attributable to redeemable noncontrolling interests (17.7) (15.9) (18.2) Noncontrolling interests discount accretion 22.7 22.7 25.4 Adjustments to redemption value 98.6 47.1 37.2 Cash distributions (1.5) (2.6) (4.2) Ending balance $ 321.2 $ 219.1 $ 167.8

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The table below presents revenues by segment, market or product line for the fiscal years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Revenue by Type: Motion Picture Theatrical $ 65.3 $ 12.0 $ 355.6 Home Entertainment Digital Media 497.1 461.5 447.9 Packaged Media 115.0 139.5 256.9 Total Home Entertainment 612.1 601.0 704.8 Television 257.9 230.2 247.1 International 234.4 217.0 341.0 Other 15.6 20.9 22.4 Total Motion Picture revenues 1,185.3 1,081.1 1,670.9 Television Production Television 1,094.5 474.0 715.7 International 256.5 164.5 152.7 Home Entertainment Digital Media 85.1 127.1 57.4 Packaged Media 6.9 5.7 3.4 Total Home Entertainment 92.0 132.8 60.8 Other 88.0 60.5 72.1 Total Television Production revenues 1,531.0 831.8 1,001.3 Media Networks - Programming Revenues Domestic (1) 1,428.9 1,497.2 1,463.9 International 107.3 65.5 22.9 1,536.2 1,562.7 1,486.8 Intersegment eliminations (648.2) (204.1) (269.0) Total revenues $ 3,604.3 $ 3,271.5 $ 3,890.0 __________________ (1) Media Networks domestic revenues for the years ended March 31, 2021 and 2020 include revenue from the Company's former Other Streaming Services product line of $50.3 million and $33.8 million, respectively, substantially all of which related to the Company's former interest in Pantaya, which was sold on March 31, 2021 (see Note 2).
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	Revenues expected to be recognized in the future related to performance obligations that are unsatisfied at March 31, 2022 are as follows: Year Ending March 31, 2023 2024 2025 Thereafter Total (Amounts in millions) Remaining Performance Obligations $ 1,067.0 $ 283.8 $ 231.0 $ 186.7 $ 1,768.5 The above table does not include estimates of variable consideration for transactions involving sales or usage-based royalties in exchange for licenses of intellectual property. The revenues included in the above table include all fixed fee contracts regardless of duration.
Contract with Customer, Asset and Liability	At March 31, 2022 and 2021, accounts receivable, contract assets and deferred revenue are as follows: Item Balance Sheet Location March 31, March 31, Addition (Reduction) (Amounts in millions) Accounts receivable, net - current Accounts receivable, net $ 442.2 $ 383.7 $ 58.5 Accounts receivable, net - non-current Other assets - non-current 39.0 49.4 (10.4) Contract asset - current Other assets - current (1) 40.5 25.6 14.9 Contract asset - non-current Other assets - non-current (1) 9.3 10.3 (1.0) Deferred revenue - current Deferred revenue - current 174.9 165.7 9.2 Deferred revenue - non-current Deferred revenue - non-current 49.8 56.2 (6.4) __________________ (1) Included in prepaid expenses and other (see Note 19).
Accounts Receivable, Provision for Doubtful Accounts	Changes in the provision for doubtful accounts consisted of the following: March 31, 2021 Provision for doubtful accounts (1) Uncollectible accounts written-off March 31, (Amounts in millions) Trade accounts receivable $ 6.5 $ 5.3 $ (0.3) $ 11.5 _______________________

Capital Stock (Tables)

Capital Stock (Tables)	12 Months Ended
	Mar. 31, 2022
Equity and Share-based Compensation [Abstract]
Common Shares Reserved For Future Issuance	The table below outlines common shares reserved for future issuance: March 31, March 31, (Amounts in millions) Stock options and Share Appreciation Rights outstanding 27.6 26.7 Restricted share units and restricted stock — unvested 7.9 9.1 Common shares available for future issuance 18.4 15.6 Shares reserved for future issuance 53.9 51.4
Share-Based Compensation Expense	The Company recognized the following share-based compensation expense during the years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Compensation Expense: Stock options $ 19.2 $ 18.7 $ 17.8 Restricted share units and other share-based compensation 73.4 58.8 29.1 Share appreciation rights 7.4 8.0 3.1 100.0 85.5 50.0 Impact of accelerated vesting on equity awards (1) — 3.5 0.6 Total share-based compensation expense $ 100.0 $ 89.0 $ 50.6 Tax impact (2) (19.7) (17.8) (10.7) Reduction in net income $ 80.3 $ 71.2 $ 39.9 ___________________ (1) Represents the impact of the acceleration of certain vesting schedules for equity awards pursuant to certain severance arrangements. (2) Represents the income tax benefit recognized in the statements of operations for share-based compensation arrangements prior to the effects of changes in the valuation allowance. Share-based compensation expense, by expense category, consisted of the following: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Share-Based Compensation Expense: Direct operating $ 1.2 $ 2.0 $ 1.0 Distribution and marketing 0.5 0.6 0.5 General and administration 98.3 82.9 48.5 Restructuring and other — 3.5 0.6 $ 100.0 $ 89.0 $ 50.6
Stock Options Activity	The following table sets forth the stock option, and share appreciation rights ("SARs") activity during the year ended March 31, 2022: Stock Options and SARs Class A Voting Shares Class B Non-Voting Shares Number of Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (years) Aggregate Intrinsic Value Number of Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (years) Aggregate Intrinsic Value (Amounts in millions, except for weighted-average exercise price and years) Outstanding at March 31, 2021 5.5 $24.23 21.2 $15.85 Granted — — 2.0 (1) $12.12 Exercised — (2) $10.52 (0.4) $11.19 Forfeited or expired (0.1) $24.31 (0.6) $24.49 Outstanding at March 31, 2022 5.4 $24.34 2.62 $ 0.7 22.2 $15.36 6.00 $ 50.7 Vested or expected to vest at March 31, 2022 5.4 $24.35 2.62 $ 0.7 22.1 $15.40 5.98 $ 49.8 Exercisable at March 31, 2022 4.8 $24.80 2.62 $ 0.3 14.5 $18.00 4.94 $ 16.8 _____________________ (1) During the year ended March 31, 2022, the Company granted 0.3 million SARs. (2) Represents less than 0.1 million shares.
Stock Options Granted Valuation Assumptions	The following table presents the weighted average grant-date fair value of options granted in the years ended March 31, 2022, 2021 and 2020, and the weighted average applicable assumptions used in the Black-Scholes option-pricing model for stock options and share-appreciation rights granted during the years then ended: Year Ended March 31, 2022 2021 2020 Weighted average fair value of grants $6.27 $3.10 $2.08 Weighted average assumptions: Risk-free interest rate (1) 0.8% - 2.5% 0.2% - 0.9% 0.2% - 2.5% Expected option lives (in years) (2) 3.3 - 7 years 2.5 - 7 years 0.4 - 7 years Expected volatility for options (3) 42% - 44% 37% - 42% 34% - 40% Expected dividend yield (4) 0% 0% 0% ____________________________ (1) The risk-free rate assumed in valuing the options is based on the U.S. Treasury Yield curve in effect applied against the expected term of the option at the time of the grant. (2) The expected term of options granted represents the period of time that options granted are expected to be outstanding. (3) Expected volatilities are based on implied volatilities from traded options on the Company’s shares, historical volatility of the Company’s shares and other factors. (4) The expected dividend yield is estimated by dividing the expected annual dividend by the market price of the Company's shares at the date of grant.
Restricted Share Units Award Activity	The following table sets forth the restricted share unit and restricted stock activity during the year ended March 31, 2022: Restricted Share Units and Restricted Stock Class A Voting Shares Weighted-Average Grant-Date Fair Value Class B Non-Voting Shares Weighted-Average Grant-Date Fair Value (Amounts in millions, except for weighted-average grant date fair value) Outstanding at March 31, 2021 — (1) $11.10 9.1 $8.71 Granted — (1) $13.16 5.1 $14.10 Vested — (1) $12.05 (5.7) $9.10 Forfeited — — (0.6) $10.00 Outstanding at March 31, 2022 — (1) $11.51 7.9 $11.87 __________________ (1) Represents less than 0.1 million shares.
Unrecognized Compensation Cost, Nonvested Awards	The following table summarizes the total remaining unrecognized compensation cost as of March 31, 2022 related to non-vested stock options and restricted stock and restricted share units and the weighted average remaining years over which the cost will be recognized: Total Weighted (Amounts in millions) Stock Options $ 17.4 1.0 Restricted Share Units and Restricted Stock 49.5 1.4 Total $ 66.9

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Components of Pre-Tax Income (Loss)	The components of pretax income (loss), net of intercompany eliminations, are as follows: Year Ended March 31, 2022 2021 2020 (Amounts in millions) United States $ (359.2) $ (246.3) $ (453.3) International 182.2 228.9 250.2 $ (177.0) $ (17.4) $ (203.1)
Current and Deferred Income Tax Provision (Benefits)	The Company’s current and deferred income tax provision (benefits) are as follows: Year Ended March 31, 2022 2021 2020 Current provision (benefit): (Amounts in millions) Federal $ 11.0 $ 5.0 $ (0.6) States 10.7 2.9 3.0 International 8.4 5.8 1.8 Total current provision (benefit) $ 30.1 $ 13.7 $ 4.2 Deferred provision (benefit): Federal $ 0.9 $ 1.1 $ (18.5) States (2.6) 2.3 (1.8) International — — 19.4 Total deferred provision (benefit) (1.7) 3.4 (0.9) Total provision for income taxes $ 28.4 $ 17.1 $ 3.3
Effective Income Tax Rate Reconciliation	The differences between income taxes expected at U.S. statutory income tax rates and the income tax provision are as set forth below: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Income taxes computed at Federal statutory rate $ (37.2) $ (3.7) $ (42.6) Foreign affiliate dividends (35.2) (35.2) (35.2) Foreign operations subject to different income tax rates 50.0 47.4 51.4 State income tax 8.1 5.2 1.2 Gain on sale of Pantaya — 13.8 — Remeasurements of originating deferred tax assets and liabilities (1.3) 4.2 (6.9) Permanent differences 0.8 0.9 1.6 Nondeductible share based compensation (3.3) 27.1 15.0 Nondeductible officers compensation 5.6 7.3 2.6 Non-controlling interest in partnerships 3.7 3.3 3.8 Nondeductible interest expense — 3.5 — Uncertain tax benefits 3.6 0.6 (3.2) Other 1.2 (0.3) (2.4) Changes in valuation allowance 32.4 (57.0) 18.0 Total provision for income taxes $ 28.4 $ 17.1 $ 3.3
Deferred Tax Assets and Liabilities	The income tax effects of temporary differences between the book value and tax basis of assets and liabilities are as follows: March 31, 2022 March 31, 2021 (Amounts in millions) Deferred tax assets: Net operating losses $ 496.9 $ 451.2 Foreign tax credits 76.8 77.3 Investment in film and television programs 14.5 41.8 Accrued compensation 56.7 65.0 Operating leases - liabilities 39.2 29.0 Other assets 19.6 47.8 Reserves 10.2 16.5 Accrued interest 10.6 33.1 Total deferred tax assets 724.5 761.7 Valuation allowance (362.8) (350.9) Deferred tax assets, net of valuation allowance 361.7 410.8 Deferred tax liabilities: Intangible assets (351.9) (385.6) Fixed assets — (0.1) Accounts receivable — (40.5) Operating leases - assets (34.5) (22.8) Other (14.1) (2.1) Total deferred tax liabilities $ (400.5) $ (451.1) Net deferred tax liabilities $ (38.8) $ (40.3)
Summary of Income Tax Contingencies	The following table summarizes the changes to the gross unrecognized tax benefits, exclusive of interest and penalties, for the years ended March 31, 2022, 2021, and 2020: Amounts Gross unrecognized tax benefits at March 31, 2019 $ 16.8 Increases related to current year tax position — Increases related to prior year tax positions — Decreases related to prior year tax positions (4.0) Settlements (0.5) Lapse in statute of limitations (0.8) Gross unrecognized tax benefits at March 31, 2020 11.5 Increases related to current year tax position 60.7 Increases related to prior year tax positions 3.1 Decreases related to prior year tax positions — Settlements (1.9) Lapse in statute of limitations (5.4) Gross unrecognized tax benefits at March 31, 2021 68.0 Increases related to current year tax position — Increases related to prior year tax positions 2.6 Decreases related to prior year tax positions — Settlements — Lapse in statute of limitations (0.4) Gross unrecognized tax benefits at March 31, 2022 $ 70.2

Restructuring and Other (Tables

Restructuring and Other (Tables)	12 Months Ended
	Mar. 31, 2022
Restructuring and Related Activities [Abstract]
Restructuring and Other	Restructuring and other includes restructuring and severance costs, certain transaction and related costs, and certain unusual items, when applicable. During the years ended March 31, 2022, 2021 and 2020, the Company also incurred certain other unusual charges, which are included in direct operating and distribution and marketing expense in the consolidated statements of operations and are described below. The following table sets forth restructuring and other and these other unusual charges and the statement of operations line items they are included in for the years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Restructuring and other: Severance (1) Cash $ 4.6 $ 14.8 $ 12.3 Accelerated vesting on equity awards (see Note 13) — 3.5 0.6 Total severance costs 4.6 18.3 12.9 COVID-19 related charges included in restructuring and other (2) 1.1 3.0 0.3 Transaction and related costs (3) 11.1 3.4 11.1 Total Restructuring and Other 16.8 24.7 24.3 Other unusual charges not included in restructuring and other: Programming and content charges included in direct operating expense (4) 36.9 — 76.5 COVID-19 related charges (benefit) included in: Direct operating expense (5) (3.6) 50.6 46.0 Distribution and marketing expense (5) 0.2 16.9 4.2 Charges related to Russia's invasion of Ukraine included in direct operating expense (6) 5.9 — — Total restructuring and other and other unusual charges not included in restructuring and other $ 56.2 $ 92.2 $ 151.0 _______________________ (1) Severance costs in the fiscal years ended March 31, 2022, 2021 and 2020 were primarily related to restructuring activities in connection with cost-saving initiatives. (2) Amounts represent certain incremental general and administrative costs associated with the COVID-19 global pandemic, such as costs related to transitioning the Company to a remote-work environment, costs associated with return-to-office safety protocols, and other incremental general and administrative costs associated with the COVID-19 global pandemic. (3) Transaction and related costs in the fiscal years ended March 31, 2022, 2021 and 2020 reflect transaction, integration and legal costs associated with certain strategic transactions, restructuring activities and legal matters. (4) Amounts represent certain unusual programming and content charges, see Note 3 for further information. (5) In connection with the disruptions associated with the COVID-19 global pandemic and measures to prevent its spread and mitigate its effects both domestically and internationally, and the related economic disruption, including the worldwide closure of theaters, international travel restrictions and the pausing of motion picture and television productions, certain incremental costs were incurred and expensed. The charges (benefit) included in direct operating expense includes incremental costs associated with the pausing and restarting of productions including paying/hiring certain cast and crew, maintaining idle facilities and equipment costs resulting from circumstances associated with the COVID-19 global pandemic, net of insurance recoveries. In fiscal 2021 and 2020, these charges also included film impairment due to changes in performance expectations resulting from circumstances associated with the COVID-19 global pandemic. In the fiscal year ended March 31, 2022, insurance recoveries exceeded the incremental costs expensed in the year, resulting in a net benefit included in direct operating expense. The costs included in distribution and marketing expense primarily consist of contractual marketing spends for film releases and events that have been canceled or delayed and will provide no economic benefit. The Company is in the process of seeking additional insurance recovery for some of these costs. The ultimate amount of insurance recovery cannot be estimated at this time. (6) Amounts represent charges related to Russia's invasion of Ukraine, primarily related to bad debt reserves for accounts receivable from customers in Russia, included in direct operating expense in the consolidated statements of operations. Changes in the restructuring and other severance liability were as follows for the years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Severance liability Beginning balance $ 5.7 $ 11.1 $ 21.2 Accruals 4.6 14.8 12.3 Severance payments (8.8) (20.2) (22.4) Ending balance (1) $ 1.5 $ 5.7 $ 11.1 _______________________

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment information is presented in the table below: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Segment revenues Studio Business: Motion Picture $ 1,185.3 $ 1,081.1 $ 1,670.9 Television Production 1,531.0 831.8 1,001.3 Total Studio Business 2,716.3 1,912.9 2,672.2 Media Networks 1,536.2 1,562.7 1,486.8 Intersegment eliminations (648.2) (204.1) (269.0) $ 3,604.3 $ 3,271.5 $ 3,890.0 Intersegment revenues Studio Business: Motion Picture $ 38.0 $ 19.8 $ 17.7 Television Production 610.2 184.3 248.9 Total Studio Business 648.2 204.1 266.6 Media Networks — — 2.4 $ 648.2 $ 204.1 $ 269.0 Gross contribution Studio Business: Motion Picture $ 356.0 $ 401.8 $ 313.5 Television Production 124.1 126.3 90.7 Total Studio Business 480.1 528.1 404.2 Media Networks 243.2 383.4 380.5 Intersegment eliminations (2.7) (14.1) 6.8 $ 720.6 $ 897.4 $ 791.5 Segment general and administration Studio Business: Motion Picture $ 93.1 $ 106.2 $ 104.8 Television Production 40.2 42.7 37.3 Total Studio Business 133.3 148.9 142.1 Media Networks 88.0 93.9 87.5 $ 221.3 $ 242.8 $ 229.6 Segment profit Studio Business: Motion Picture $ 262.9 $ 295.6 $ 208.7 Television Production 83.9 83.6 53.4 Total Studio Business 346.8 379.2 262.1 Media Networks 155.2 289.5 293.0 Intersegment eliminations (2.7) (14.1) 6.8 $ 499.3 $ 654.6 $ 561.9
Reconciliation Of Total Segment Profit To The Company's Loss Before Income Taxes	The reconciliation of total segment profit to the Company’s loss before income taxes is as follows: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Company’s total segment profit $ 499.3 $ 654.6 $ 561.9 Corporate general and administrative expenses (97.1) (113.7) (99.7) Gain on sale of Pantaya (1) — 44.1 — Adjusted depreciation and amortization (2) (43.0) (44.3) (41.8) Restructuring and other (3) (16.8) (24.7) (24.3) COVID-19 related benefit (charges) included in direct operating expense and distribution and marketing expense (4) 3.4 (67.5) (50.2) Programming and content charges (5) (36.9) — (76.5) Charges related to Russia's invasion of Ukraine (6) (5.9) — — Adjusted share-based compensation expense (7) (100.0) (85.5) (50.0) Purchase accounting and related adjustments (8) (194.0) (192.4) (216.6) Operating income 9.0 170.6 2.8 Interest expense (176.0) (181.5) (191.3) Interest and other income 30.8 5.8 8.8 Other expense (10.9) (6.7) (11.1) Gain (loss) on extinguishment of debt (28.2) — 5.4 Gain (loss) on investments 1.3 0.5 (0.5) Equity interests loss (3.0) (6.1) (17.2) Loss before income taxes $ (177.0) $ (17.4) $ (203.1) ___________________ (1) Represents the gain before income taxes on the sale of the Company's majority interest in Pantaya on March 31, 2021. This gain amount is net of $69.0 million of goodwill allocated from the Media Networks segment as required under the applicable accounting guidance. Pantaya was previously reflected in the Company's Media Networks segment. See Note 2 for further information. (2) Adjusted depreciation and amortization represents depreciation and amortization as presented on our consolidated statements of operations less the depreciation and amortization related to the non-cash fair value adjustments to property and equipment and intangible assets acquired in recent acquisitions which are included in the purchase accounting and related adjustments line item above, as shown in the table below: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Depreciation and amortization $ 177.9 $ 188.5 $ 197.7 Less: Amount included in purchase accounting and related adjustments (134.9) (144.2) (155.9) Adjusted depreciation and amortization $ 43.0 $ 44.3 $ 41.8 (3) Restructuring and other includes restructuring and severance costs, certain transaction and related costs, and certain unusual items, when applicable (see Note 15). (4) In connection with the disruptions associated with the COVID-19 global pandemic and measures to prevent its spread and mitigate its effects both domestically and internationally, during fiscal 2022, the Company has incurred a benefit of $3.4 million, net of insurance recoveries, in incremental direct operating and distribution and marketing expense (2021 - charges of $67.5 million; 2020 - charges of $50.2 million) (see Note 15). These charges are excluded from segment operating results. (5) Programming and content charges represent certain charges included in direct operating expense in the consolidated statements of operations, and excluded from segment operating results (see Note 3 and Note 15 for further information). (6) Amounts represent charges related to Russia's invasion of Ukraine, primarily related to bad debt reserves for accounts receivable from customers in Russia, included in direct operating expense in the consolidated statements of operations, and excluded from segment operating results. (7) The following table reconciles total share-based compensation expense to adjusted share-based compensation expense: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Total share-based compensation expense $ 100.0 $ 89.0 $ 50.6 Less: Amount included in restructuring and other (i) — (3.5) (0.6) Adjusted share-based compensation $ 100.0 $ 85.5 $ 50.0 (i) Represents share-based compensation expense included in restructuring and other expenses reflecting the impact of the acceleration of certain vesting schedules for equity awards pursuant to certain severance arrangements. (8) Purchase accounting and related adjustments primarily represent the amortization of non-cash fair value adjustments to certain assets acquired in recent acquisitions. These adjustments include the accretion of the noncontrolling interest discount related to Pilgrim Media Group and 3 Arts Entertainment, the amortization of the recoupable portion of the purchase price and the expense associated with the earned distributions related to 3 Arts Entertainment, all of which are accounted for as compensation and are included in general and administrative expense. The following sets forth the amounts included in each line item in the financial statements: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Purchase accounting and related adjustments: Direct operating $ 0.4 $ 1.0 $ 8.1 General and administrative expense 58.7 47.2 52.6 Depreciation and amortization 134.9 144.2 155.9 $ 194.0 $ 192.4 $ 216.6
Reconciliation of Segment General and Administration to Consolidated General and Administration	The following table reconciles segment general and administration to the Company’s total consolidated general and administration expense: Year Ended March 31, 2022 2021 2020 (Amounts in millions) General and administration Segment general and administrative expenses $ 221.3 $ 242.8 $ 229.6 Corporate general and administrative expenses 97.1 113.7 99.7 Share-based compensation expense included in general and administrative expense 98.3 82.9 48.5 Purchase accounting and related adjustments 58.7 47.2 52.6 $ 475.4 $ 486.6 $ 430.4
Reconciliation of Assets from Segment to Consolidated	The reconciliation of total segment assets to the Company’s total consolidated assets is as follows: March 31, March 31, (Amounts in millions) Assets Motion Picture $ 1,622.6 $ 1,212.4 Television Production 1,978.9 1,757.9 Media Networks 4,706.7 4,399.3 Other unallocated assets (1) 683.0 936.6 $ 8,991.2 $ 8,306.2 _____________________ (1) Other unallocated assets primarily consist of cash, other assets and investments.
Acquisition of Investment in Films and Television Programs and Program Rights by Segment	The following table sets forth acquisition of investment in films and television programs and program rights, as broken down by segment for the years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Acquisition of investment in films and television programs and program rights Motion Picture $ 465.0 $ 339.8 $ 349.8 Television Production 1,287.0 856.1 743.3 Media Networks 1,134.6 625.1 640.7 Intersegment eliminations (674.9) (204.3) (188.5) $ 2,211.7 $ 1,616.7 $ 1,545.3
Capital Expenditures By Segment	The following table sets forth capital expenditures, as broken down by segment for the years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Capital expenditures Motion Picture $ — $ — $ — Television Production 0.4 0.4 1.2 Media Networks 27.0 24.9 22.4 Corporate (1) 5.7 9.7 7.5 $ 33.1 $ 35.0 $ 31.1 _____________________ (1) Represents unallocated capital expenditures primarily related to the Company's corporate headquarters.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	Revenue by geographic location, based on the location of the customers, with no other foreign country individually comprising greater than 10% of total revenue, is as follows: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Revenue Canada $ 56.8 $ 43.3 $ 43.9 United States 3,016.8 2,863.3 3,321.9 Other foreign 530.7 364.9 524.2 $ 3,604.3 $ 3,271.5 $ 3,890.0 Long-lived assets by geographic location are as follows: March 31, 2022 March 31, 2021 (Amounts in millions) Long-lived assets (1) United States $ 3,101.3 $ 2,279.7 Other foreign 164.2 162.2 $ 3,265.5 $ 2,441.9 _____________ (1) Long-lived assets represents total assets less the following: current assets, investments, long-term receivables, interest rate swaps, intangible assets, goodwill and deferred tax assets.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Future Annual Repayment of Contractual Commitments	The following table sets forth our future annual repayment of contractual commitments as of March 31, 2022: Year Ending March 31, 2023 2024 2025 2026 2027 Thereafter Total (Amounts in millions) Contractual commitments by expected repayment date (off-balance sheet arrangements) Film related obligations commitments (1) $ 510.9 $ 203.1 $ 64.7 $ 11.7 $ 2.6 $ 0.2 $ 793.2 Interest payments on corporate debt (2) 118.0 117.0 115.8 62.3 55.0 123.7 591.8 Other contractual obligations 147.5 58.9 38.1 26.0 25.3 92.1 387.9 Total future commitments under contractual obligations (3) $ 776.4 $ 379.0 $ 218.6 $ 100.0 $ 82.9 $ 216.0 $ 1,772.9 ____________________________ (1) Film related obligations commitments include distribution and marketing commitments, minimum guarantee commitments, program rights commitments, and production loan commitments not reflected on the consolidated balance sheets as they did not then meet the criteria for recognition, as described below: (i) Distribution and marketing commitments represent contractual commitments for future expenditures associated with distribution and marketing of films which we will distribute. The payment dates of these amounts are primarily based on the anticipated release date of the film. (ii) Minimum guarantee commitments represent contractual commitments related to the purchase of film rights for pictures to be delivered in the future. (iii) Program rights commitments represent contractual commitments under programming license agreements related to films that are not available for exhibition until some future date (see below for further details). (iv) Production loan commitments represent amounts committed for future film production and development to be funded through production financing and recorded as a production loan liability when incurred. Future payments under these commitments are based on anticipated delivery or release dates of the related film or contractual due dates of the commitment. The amounts include estimated future interest payments associated with the commitment. (2) Includes cash interest payments on the Company's corporate debt, excluding the interest payments on the revolving credit facility as future amounts are not fixed or determinable due to fluctuating balances and interest rates. (3) Not included in the amounts above are $321.2 million of redeemable noncontrolling interest, as future amounts and timing are subject to a number of uncertainties such that we are unable to make sufficiently reliable estimations of future payments (see Note 11).

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Mar. 31, 2022
Derivative [Line Items]
Schedule of Derivative Instruments Outstanding	As of March 31, 2022, the Company had the following designated cash flow hedge pay-fixed interest rate swaps outstanding (all related to the Company's LIBOR-based debt, see Note 7 and Note 8): Effective Date Notional Amount Fixed Rate Paid Maturity Date (1) (in millions) May 23, 2018 $300.0 2.915% March 24, 2025 May 19, 2020 $700.0 1.923% March 23, 2030 (2) May 19, 2020 $350.0 2.531% March 23, 2027 (2) June 15, 2020 $150.0 2.343% March 23, 2027 (2) August 14, 2020 $200.0 1.840% March 23, 2030 (2) Total $1,700.0 __________________ (1) Subject to a mandatory early termination date of March 23, 2025. (2) These pay-fixed interest rate swaps are considered hybrid instruments with a financing component and an embedded at-market derivative that was designated as a cash flow hedge (see discussion of cash flow presentation above). Not Designated. As of March 31, 2022, the Company had the following pay-fixed receive-variable and offsetting pay-variable receive-fixed interest rate swaps outstanding, which are not designated as cash flow hedges: Pay-Fixed Receive-Variable (1) Offsetting Pay-Variable Receive-Fixed (1) Effective Date Notional Amount Fixed Rate Paid Effective Date Notional Amount Fixed Rate Received Maturity Date (in millions) (in millions) May 23, 2018 $700.0 2.915% May 19, 2020 $700.0 2.915% March 24, 2025 June 25, 2018 $200.0 2.723% August 14, 2020 $200.0 2.723% March 23, 2025 July 31, 2018 $300.0 2.885% May 19, 2020 $300.0 2.885% March 23, 2025 December 24, 2018 $50.0 2.744% May 19, 2020 $50.0 2.744% March 23, 2025 December 24, 2018 $100.0 2.808% June 15, 2020 $100.0 2.808% March 23, 2025 December 24, 2018 $50.0 2.728% June 15, 2020 $50.0 2.728% March 23, 2025 Total $1,400.0 Total $1,400.0 __________________ (1) During the fiscal year ended March 31, 2021, the Company completed a series of transactions to amend and extend certain interest rate swap agreements, and as part of these transactions, the $1.4 billion pay-fixed receive-variable interest rate swaps presented in the table above were de-designated, and the Company entered into $1.4 billion of pay-variable receive-fixed interest rate swaps, as presented in the table above, which are designed to offset the terms of the $1.4 billion of pay-fixed receive-variable swaps in the table above. At the time of the de-designation of the above $1.4 billion in pay-fixed receive-variable interest rate swaps, there was approximately $163.0 million of unrealized losses recorded in accumulated other comprehensive income (loss). This amount is being amortized to interest expense through the remaining term of the de-designated swaps unless it becomes probable that the cash flows originally hedged will not occur, in which case the proportionate amount of the loss will be recorded to interest expense at that time. The $1.4 billion of pay-fixed receive-variable interest rate swaps de-designated as cash flow hedges and the $1.4 billion of offsetting pay-variable receive-fixed swaps are marked to market with changes in fair value recognized, along with the fixed and variable payments on these swaps, in interest expense, which are expected to nearly offset each other.
Schedule of Derivative Instruments, Effect on Statements of Operations And Comprehensive Income	The following table presents the pre-tax effect of the Company's derivatives on the accompanying consolidated statements of operations and comprehensive income (loss) for the years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts Gain (loss) recognized in accumulated other comprehensive income (loss) $ 1.7 $ (1.0) $ 0.8 Gain (loss) reclassified from accumulated other comprehensive income (loss) into direct operating expense (0.2) 0.2 1.6 Interest rate swaps Gain (loss) recognized in accumulated other comprehensive income (loss) $ 66.5 $ 72.0 $ (138.6) Loss reclassified from accumulated other comprehensive income (loss) into interest expense (15.0) (20.0) (14.3) Derivatives not designated as cash flow hedges: Forward exchange contracts Gain (loss) recognized in direct operating expense $ — $ 0.3 $ (0.4) Interest rate swaps Loss reclassified from accumulated other comprehensive income (loss) into interest expense $ (33.8) $ (28.3) $ — Total direct operating expense on consolidated statements of operations $ 2,064.2 $ 1,725.9 $ 2,226.1 Total interest expense on consolidated statements of operations $ 176.0 $ 181.5 $ 191.3
Derivative Instruments by Balance Sheet Location	As of March 31, 2022 and 2021, the Company had the following amounts recorded in the accompanying consolidated balance sheets related to the Company's use of derivatives: March 31, 2022 Other Current Assets Other Non-Current Assets Accounts Payable and Accrued Liabilities Other Non-Current Liabilities (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts $ 3.5 $ — $ 2.8 $ — Interest rate swaps — 109.1 — (39.4) Derivatives not designated as cash flow hedges: Interest rate swaps (1) — (77.1) — 56.8 Fair value of derivatives $ 3.5 $ 32.0 $ 2.8 $ 17.4 ________________ (1) Includes $88.1 million and $46.0 million included in other non-current assets and other non-current liabilities, respectively, representing the financing element of certain hybrid instruments, which is offset by the pay-variable receive-fixed interest rate swaps outstanding at March 31, 2022. March 31, 2021 Other Current Assets Other Non-Current Assets Accounts Payable and Accrued Liabilities Other Non-Current Liabilities (Amounts in millions) Derivatives designated as cash flow hedges: Forward exchange contracts $ 1.5 $ — $ 2.6 $ — Interest rate swaps — 72.7 — 5.6 Derivatives not designated as cash flow hedges: Interest rate swaps (1) — (21.9) — 127.1 Fair value of derivatives $ 1.5 $ 50.8 $ 2.6 $ 132.7 ________________ (1) Includes $98.2 million and $54.3 million included in other non-current assets and other non-current liabilities, respectively, representing the financing element of certain hybrid instruments, which is offset by the pay-variable receive-fixed interest rate swaps outstanding at March 31, 2021.
Forward Foreign Exchange Contracts
Derivative [Line Items]
Schedule of Derivative Instruments Outstanding	As of March 31, 2022, the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 30 months from March 31, 2022): March 31, 2022 Foreign Currency Foreign Currency Amount US Dollar Amount Weighted Average Exchange Rate Per $1 USD (Amounts in millions) (Amounts in millions) British Pound Sterling 1.9 GBP in exchange for $2.5 0.75 GBP Hungarian Forint 4,089.2 HUF in exchange for $13.5 303.41 HUF Euro 18.0 EUR in exchange for $17.5 1.03 EUR Canadian Dollar 7.6 CAD in exchange for $6.2 1.24 CAD Polish Zloty 10.4 PLN in exchange for $2.5 4.15 PLN Bulgarian Lev 5.5 BGN in exchange for $3.2 1.69 BGN Mexican Peso 217.3 MXN in exchange for $10.6 20.47 MXN

Additional Financial Informat_2

Additional Financial Information (Tables)	12 Months Ended
	Mar. 31, 2022
Additional Financial Information [Abstract]
Schedule of Cash, Cash Equivalents and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheet to the total amounts reported in the consolidated statement of cash flows at March 31, 2022. At March 31, 2022, restricted cash included in other current assets represents amounts related to required cash reserves for interest payments associated with the Production Tax Credit Facility and IP Credit Facility. There were no material amounts of restricted cash in the consolidated balance sheet as of March 31, 2021. March 31, (Amounts in millions) Cash and cash equivalents $ 371.2 Restricted cash included in other current assets 13.4 Total cash, cash equivalents and restricted cash $ 384.6
Summary of Receivables Transferred	The following table sets forth a summary of the receivables transferred under individual agreements or purchases during the years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Carrying value of receivables transferred and derecognized $ 1,400.2 $ 1,377.2 $ 1,603.2 Net cash proceeds received 1,391.2 1,371.3 1,593.9 Loss recorded related to transfers of receivables 9.0 5.9 9.3 The following table sets forth a summary of the receivables transferred under the pooled monetization agreement during the years ended March 31, 2022, 2021 and 2020: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Gross cash proceeds received for receivables transferred and derecognized $ 155.5 $ 173.1 $ 192.6 Less amounts from collections reinvested under revolving agreement (102.7) (138.7) (84.5) Proceeds from new transfers 52.8 34.4 108.1 Collections not reinvested and remitted or to be remitted (46.8) (27.9) (15.6) Net cash proceeds received (1) $ 6.0 $ 6.5 $ 92.5 Carrying value of receivables transferred and derecognized (2) $ 154.5 $ 172.0 $ 191.9 Obligations recorded $ 2.9 $ 1.9 $ 2.5 Loss recorded related to transfers of receivables $ 1.9 $ 0.8 $ 1.7 ___________________ (1) In addition, during the year ended March 31, 2022, the Company repurchased $25.5 million of receivables previously transferred, as separately agreed upon with the third-party purchasers, in order to monetize such receivables under the individual monetization program discussed above without being subject to the collateral requirements under the pooled monetization program. (2) Receivables net of unamortized discounts on long-term, non-interest bearing receivables.
Schedule of Other Assets	The composition of the Company’s other assets is as follows as of March 31, 2022 and March 31, 2021: March 31, March 31, (Amounts in millions) Other current assets Prepaid expenses and other $ 102.3 $ 68.0 Cash consideration receivable for sale of Pantaya (see Note 2) — 123.6 Product inventory (1) 14.1 14.3 Tax credits receivable 128.3 68.4 $ 244.7 $ 274.3 Other non-current assets Prepaid expenses and other (2) $ 19.8 $ 25.8 Accounts receivable (2) 39.0 49.4 Tax credits receivable 316.1 181.2 Operating lease right-of-use assets 170.7 127.0 Interest rate swap assets 32.0 50.8 $ 577.6 $ 434.2 _____________________ (1) Home entertainment product inventory consists of Packaged Media and is stated at the lower of cost or market value (first-in, first-out method). Costs of Packaged Media sales, including shipping and handling costs, are included in distribution and marketing expenses.
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in the components of accumulated other comprehensive income (loss), net of tax: Foreign currency translation adjustments Net unrealized gain (loss) on cash flow hedges Total (Amounts in millions) March 31, 2019 $ (18.2) $ (62.1) $ (80.3) Other comprehensive loss (0.6) (137.8) (138.4) Reclassifications to net loss (1) — 12.7 12.7 March 31, 2020 (18.8) (187.2) (206.0) Other comprehensive income 3.7 70.9 74.6 Reclassifications to net loss (1) — 48.1 48.1 March 31, 2021 (15.1) (68.2) (83.3) Other comprehensive income (loss) (4.6) 68.2 63.6 Reclassifications to net loss (1) — 49.0 49.0 March 31, 2022 $ (19.7) $ 49.0 $ 29.3 ___________________ (1) Represents a loss of $0.2 million included in direct operating expense and a loss of $48.8 million included in interest expense on the consolidated statement of operations in the year ended March 31, 2022 (2021 - gain of $0.2 million included in direct operating expense and loss of $48.3 million included in interest expense; 2020 - gain of $1.6 million included in direct operating expense and loss of $14.3 million included in interest expense) (see Note 18).
Supplemental Schedule of Non-Cash Investing and Financing Activities	The supplemental schedule of non-cash investing and financing activities is presented below: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Non-cash investing activities: Accrued equity method investment $ 19.0 $ — $ — Cash consideration receivable for sale of Pantaya (see Note 2) $ — $ 123.6 $ — Decrease in finance lease right-of-use asset due to a reassessment event (1) n/a $ (42.0) n/a Non-cash financing activities: Decrease in finance lease liability due to a reassessment event (1) n/a $ (48.6) n/a ______________
Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: Year Ended March 31, 2022 2021 2020 (Amounts in millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 57.0 $ 48.8 $ 37.1 Operating cash flows for finance leases $ — $ 1.6 $ 3.4 Financing cash flows for finance leases $ — $ 2.6 $ 3.0 Right-of-use assets obtained in exchange for new lease obligations: Operating leases $ 67.8 $ 25.0 $ 8.3 Increase in right-of-use assets and lease liability due to a reassessment event: Operating leases - increase in right-of-use assets $ 27.5 $ 6.0 $ — Operating leases - increase in lease liability $ 27.5 $ 12.6 $ —

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Mar. 31, 2022
Equity Method Investees
Related Party Transaction [Line Items]
Transactions with Equity Method Investees	In the ordinary course of business, we are involved in related party transactions with equity method investees. These related party transactions primarily relate to the licensing and distribution of the Company's films and television programs and the lease of a studio facility owned by an equity-method investee, for which the impact on the Company's consolidated balance sheets and consolidated statements of operations is as follows (see Note 1 and Note 5): March 31, 2022 2021 (Amounts in millions) Consolidated Balance Sheets Accounts receivable $ 13.1 $ 9.4 Investment in films and television programs (1) 1.6 — Other assets, noncurrent (1)(2) 44.2 2.4 Total due from related parties $ 58.9 $ 11.8 Accounts payable and accrued liabilities (1)(3) $ 22.2 $ 15.4 Participations and residuals, current 5.9 7.6 Participations and residuals, noncurrent 1.1 1.2 Other liabilities (1) 38.3 — Total due to related parties $ 67.5 $ 24.2 Year Ended March 31, 2022 2021 2020 (Amounts in millions) Consolidated Statements of Operations Revenues $ 4.1 $ 7.2 $ 4.6 Direct operating expense $ 6.5 $ 10.8 $ 13.8 Distribution and marketing expense $ 0.2 $ 0.2 $ — General and administrative expense (4) $ — $ — $ (1.1) Interest and other income $ 3.1 $ 2.9 $ 1.7 __________________________________ (1) During the year ended March 31, 2022, the Company entered into certain operating leases related to a studio facility owned by an equity-method investee. Amounts related to these leases are included in investment in films and television programs, other assets - noncurrent, accounts payable and accrued liabilities and other liabilities in the consolidated balance sheet at March 31, 2022. (2) During the years ended March 31, 2022, 2021, and 2020, the Company made loans (including accrued interest) of $3.0 million, $2.9 million and $12.5 million, respectively, to certain of its equity method investees, of which no amounts, none and $3.3 million, respectively, are included in other assets, noncurrent in the Company's consolidated balance sheets (net of equity interests losses applied against such loans), and included in the table above. (3) Amounts primarily represent production related advances due to certain of its equity method investees. (4) In the year ended March 31, 2020, amounts primarily represent reimbursement for certain shared services for equity method investees.

Description of Business, Basi_4

Description of Business, Basis of Presentation and Significant Accounting Policies (Restricted Cash) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Restricted cash	$ 13.4	$ 0

Description of Business, Basi_5

Description of Business, Basis of Presentation and Significant Accounting Policies (Investment in Films and Television Programs and Licensed Program Rights) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Capitalized interest for films and television programs produced	$ 12.8	$ 2.8	$ 3.8
Ultimate revenue, estimates used, maximum term, motion picture	10 years
Ultimate revenue, estimates used, maximum term, television series	10 years
Ultimate revenue, estimates used, term, television series in production	5 years
Ultimate revenue, estimates used, maximum term, acquired libraries	20 years
Projects in development, potential trigger for write-off of development costs, time period from date of initial investment	3 years

Description of Business, Basi_6

Description of Business, Basis of Presentation and Significant Accounting Policies (Useful Lives) (Details)	12 Months Ended
	Mar. 31, 2022
Distribution Equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful life (in years)	3 years
Distribution Equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful life (in years)	7 years
Computer Equipment and Software | Minimum
Property, Plant and Equipment [Line Items]
Useful life (in years)	3 years
Computer Equipment and Software | Maximum
Property, Plant and Equipment [Line Items]
Useful life (in years)	5 years
Furniture and Equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful life (in years)	3 years
Furniture and Equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful life (in years)	7 years

Description of Business, Basi_7

Description of Business, Basis of Presentation and Significant Accounting Policies (Finite-Lived Intangible Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets	$ 1,190.2	$ 1,325.1
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets	$ 1,180.7	$ 1,311.9
Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	16 years

Description of Business, Basi_8

Description of Business, Basis of Presentation and Significant Accounting Policies (Basic and Diluted Net Loss Per Common Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Numerator:
Net loss attributable to Lions Gate Entertainment Corp. shareholders	$ (188.2)	$ (18.9)	$ (188.4)
Denominator:
Weighted average common shares outstanding (in shares)	224.1	220.5	217.9
Basic net loss per common share (in usd per share)	$ (0.84)	$ (0.09)	$ (0.86)
Diluted net loss per common share (in usd per share)	$ (0.84)	$ (0.09)	$ (0.86)
Antidilutive securities excluded from the calculation of diluted earnings per share due to net loss, amount	5.3	2.2	2.2

Description of Business, Basi_9

Description of Business, Basis of Presentation and Significant Accounting Policies (Anti-dilutive Shares Issuable) (Details) - shares shares in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Anti-dilutive shares issuable [Line Items]
Antidilutive securities excluded from the calculation of diluted earnings per share due to net loss, amount	5.3	2.2	2.2
Anti-dilutive shares issuable	18.6	29.1	37.8
Share Purchase Options
Anti-dilutive shares issuable [Line Items]
Anti-dilutive shares issuable	16	24.6	31.4
Restricted Share Units (RSUs)
Anti-dilutive shares issuable [Line Items]
Anti-dilutive shares issuable	0.4	1.4	2.4
Other Issuable Shares
Anti-dilutive shares issuable [Line Items]
Anti-dilutive shares issuable	2.2	3.1	4

Description of Business, Bas_10

Description of Business, Basis of Presentation and Significant Accounting Policies (Other) (Details) title in Thousands, $ in Millions	12 Months Ended
	Mar. 31, 2022USD ($)title	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Number of titles in library | title	17
Goodwill	$ 2,764.5	$ 2,764.5	$ 2,833.5
Indefinite-lived Intangible Assets (Excluding Goodwill)	250
Advertising expenses	$ 662.4	$ 532.6	$ 782.4
Timing of payment	60 days
Media Networks
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Reporting unit, percentage of fair value in excess of carrying amount	10.00%
Minimum | Perpetual Nominal Growth Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Goodwill measurement input	0.015
Minimum | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Goodwill measurement input	0.105
Maximum | Perpetual Nominal Growth Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Goodwill measurement input	0.035
Maximum | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Goodwill measurement input	0.118

Acquisitions and Dispositions (

Acquisitions and Dispositions (Narrative) (Details) $ in Millions	Jul. 15, 2021USD ($)titleinstallment	Mar. 31, 2021USD ($)	Mar. 31, 2022USD ($)
Business Acquisition [Line Items]
Cash consideration		$ 123.6	$ 0
Goodwill allocated related to sale of Pantaya		$ 69
Spyglass Library
Business Acquisition [Line Items]
Number of titles acquired | title	200
Spyglass
Business Acquisition [Line Items]
Equity method investment, ownership percentage	18.90%
Spyglass | Spyglass Library
Business Acquisition [Line Items]
Purchase price of asset acquisition and preferred equity interest	$ 191.4
Cash paid at closing for asset acquisition and preferred equity interest	171.4
Asset acquisition and preferred equity interest, deferred purchase consideration payable	$ 20
Asset Acquisition and Equity Method Investment, Number of Annual Installments | installment	2
Pantaya | Disposal Group, Not Discontinued Operations
Business Acquisition [Line Items]
Equity interest sold		75.00%
Cash consideration		$ 123.6
Gain, before income taxes, on sale of Pantaya		44.1
Goodwill allocated related to sale of Pantaya		$ 69

Investment in Films and Telev_3

Investment in Films and Television Programs and Licensed Program Rights (Summary) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Individual Monetization
Released, net of accumulated amortization	$ 557.5	$ 414.7
Completed and not released	121.4	60.3
In progress	574.9	418.7
In development	102.7	92.9
Total	1,356.5	986.6
Film Group Monetization
Released, net of accumulated amortization	469.5	200.4
Completed and not released	253.2	0
In progress	427.6	497.1
In development	11.4	28.2
Total	1,161.7	725.7
Licensed program rights, net of accumulated amortization	495.4	510.4
Investment in films and television programs and program rights, net	3,013.6	2,222.7
Unamortized balance of completed and not released and in progress theatrical films	500.8
Acquired film and television libraries, unamortized costs	$ 149.9	$ 18.3
Acquired libraries, remaining amortization period	19 years 2 months 12 days

Investment in Films and Telev_4

Investment in Films and Television Programs and Licensed Program Rights (Amortization of Investment in Films and Television Programs and Licensed Program Rights) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Investment in Films and Television Programs and Licensed Program Rights [Abstract]
Individual monetization	$ 887.3	$ 539.3
Film group monetization	303	229
Licensed program rights	377.4	421.5
Total amortization of films and television programs and licensed program rights	$ 1,567.7	$ 1,189.8	$ 1,706.7

Investment in Films and Telev_5

Investment in Films and Television Programs and Licensed Program Rights (Estimated Future Amortization) (Details) $ in Millions	Mar. 31, 2022USD ($)
Released Investment in Films and Television Programs, Individual Monetization
Individual monetization, expected amortization, year one	$ 196
Individual monetization, expected amortization, year two	91.2
Individual monetization, expected amortization, year three	72.2
Released Investment in Films and Television Programs, Film Group Monetization
Film group monetization, expected amortization, year one	145.8
Film group monetization, expected amortization, year two	91.1
Film group monetization, expected amortization, year three	64.8
Licensed Program Rights
Licensed program rights, expected amortization, year one	256.7
Licensed program rights, expected amortization, year two	111.4
Licensed program rights, expected amortization, year three	64.8
Individual monetization, completed and not released investment in films and television programs, expected amortization in next operating cycle	90.9
Film group monetization, completed and not released, expected amortization in next operating cycle	$ 133.5

Investment in Films and Telev_6

Investment in Films and Television Programs and Licensed Program Rights (Impairments) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Write downs on investments in films and television programs and licensed program rights	$ 73	$ 45.1	$ 135.5
COVID-19 related charges	(3.4)	67.5	50.2
Not included in segment operating results
Segment Reporting Information [Line Items]
Write downs on investments in films and television programs and licensed program rights	36.9	15.4	91.6
Write-downs to fair value related to motion picture titles	0	15.4	13.1
COVID-19 related charges			15.1
Programming and content charges			76.5
Motion Picture | Reportable Segments
Segment Reporting Information [Line Items]
Write downs on investments in films and television programs and licensed program rights	1.2	19.4	42.1
Television Production | Reportable Segments
Segment Reporting Information [Line Items]
Write downs on investments in films and television programs and licensed program rights	$ 34.9	$ 10.3	$ 1.8

Property and Equipment (Summary

Property and Equipment (Summary) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment, net	$ 81.2	$ 91.1
Depreciation expense	43	44	$ 45.6
Distribution Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	18.8	15.2
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	43.5	42.9
Property and Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	25.3	16.7
Computer Equipment and Software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	219.7	197
Depreciable Assets
Property, Plant and Equipment [Line Items]
Property and equipment, gross	307.3	271.8
Less accumulated depreciation and amortization	(227.3)	(181.9)
Property and equipment, net	80	89.9
Land
Property, Plant and Equipment [Line Items]
Property and equipment, net	$ 1.2	$ 1.2

Investments (Investments by Cat

Investments (Investments by Category) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Equity Method Investments, and Investments in Debt and Equity Securities [Abstract]
Investments in equity method investees	$ 53.9	$ 30.1
Other investments	2.1	1.8
Investments	$ 56	$ 31.9

Investments (Equity Method Inve

Investments (Equity Method Investments Narrative) (Details)	Mar. 31, 2022
Minimum
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	9.00%
Maximum
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	49.00%

Investments (Summarized Balance

Investments (Summarized Balance Sheet) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Schedule of Equity Method Investments [Line Items]
Current assets	$ 1,058.1	$ 1,186.7
Current liabilities	2,403.1	1,692.9
Equity method investees
Schedule of Equity Method Investments [Line Items]
Current assets	125.3	135.2
Non-current assets	166.4	177.7
Current liabilities	253.9	201.1
Non-current liabilities	$ 59.8	$ 91.7

Investments (Summarized Stateme

Investments (Summarized Statement of Operations) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Schedule of Equity Method Investments [Line Items]
Net loss	$ (205.4)	$ (34.5)	$ (206.4)
Equity method investees
Schedule of Equity Method Investments [Line Items]
Revenues	86	84.6	131.9
Gross profit	26.5	32	51.1
Net loss	$ (46.1)	$ (62.6)	$ (64.4)

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 134.9	$ 144.5	$ 152.1
Estimated amortization expense, year ended March 31, 2023	130.3
Estimated amortization expense, year ended March 31, 2024	125.5
Estimated amortization expense, year ended March 31, 2025	123.4
Estimated amortization expense, year ended March 31, 2026	119.6
Estimated amortization expense, year ended March 31, 2027	$ 116.6

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Goodwill) (Details) $ in Millions	12 Months Ended
	Mar. 31, 2021USD ($)
Goodwill [Roll Forward]
Balance, beginning of period	$ 2,833.5
Sale of Pantaya	(69)
Balance, end of period	2,764.5
Disposal Group, Not Discontinued Operations | Pantaya
Goodwill [Roll Forward]
Sale of Pantaya	(69)
Motion Picture
Goodwill [Roll Forward]
Balance, beginning of period	393.7
Sale of Pantaya	0
Balance, end of period	393.7
Television Production
Goodwill [Roll Forward]
Balance, beginning of period	401.9
Sale of Pantaya	0
Balance, end of period	401.9
Media Networks
Goodwill [Roll Forward]
Balance, beginning of period	2,037.9
Sale of Pantaya	(69)
Balance, end of period	$ 1,968.9

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Finite-Lived Intangible Assets) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,879.5	$ 1,879.5
Accumulated Amortization	689.3	554.4
Net Carrying Amount	1,190.2	1,325.1
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,852	1,852
Accumulated Amortization	671.3	540.1
Net Carrying Amount	1,180.7	1,311.9
Trademarks and trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3.6	3.6
Accumulated Amortization	2.2	1.8
Net Carrying Amount	1.4	1.8
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	23.9	23.9
Accumulated Amortization	15.8	12.5
Net Carrying Amount	$ 8.1	$ 11.4

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets (Indefinite-Lived Intangible Assets) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets not subject to amortization	$ 250
Tradenames
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets not subject to amortization	$ 250	$ 250

Debt (Schedule of Debt) (Detail

Debt (Schedule of Debt) (Details) - USD ($) $ in Millions	Apr. 01, 2021	Apr. 30, 2022	Mar. 31, 2020	Mar. 31, 2022	Mar. 31, 2021
Debt Instrument [Line Items]
Corporate debt				$ 2,482.7	$ 2,676.9
Unamortized debt issuance costs				(57.8)	(46)
Total debt, net				2,424.9	2,630.9
Less current portion				(222.8)	(88)
Non-current portion of debt				2,202.1	2,542.9
Revolving Credit Facility
Debt Instrument [Line Items]
Corporate debt				0	0
2023 Term Loan A | Term Loan
Debt Instrument [Line Items]
Corporate debt				193.6	660
2023 Term Loan A | Term Loan | Subsequent Event
Debt Instrument [Line Items]
Principal amount of debt prepaid		$ 193.6
2026 Term Loan A | Term Loan
Debt Instrument [Line Items]
Corporate debt				444.9	0
Term Loan B | Term Loan
Debt Instrument [Line Items]
Corporate debt				844.2	952.6
Principal amount of debt prepaid			$ 101.9
5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Corporate debt				$ 1,000	0
Coupon rate	5.50%			5.50%
5.875% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Corporate debt				$ 0	518.7
Coupon rate	5.875%			5.875%
Principal amount of debt prepaid	$ 518.7
6.375% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Corporate debt				$ 0	$ 545.6
Coupon rate	6.375%			6.375%
Principal amount of debt prepaid	$ 545.6

Debt (Schedule of Debt Maturiti

Debt (Schedule of Debt Maturities) (Details) - USD ($) $ in Millions	Apr. 01, 2021	Apr. 30, 2022	Mar. 31, 2020	Mar. 31, 2022	Mar. 31, 2021
Long-term Debt, Fiscal Year Maturity [Abstract]
Year Ending March 31, 2023				$ 222.8
Year Ending March 31, 2024				41.4
Year Ending March 31, 2025				860.3
Year Ending March 31, 2026				44.5
Year Ending March 31, 2027				313.7
Thereafter				1,000
Corporate debt				2,482.7	$ 2,676.9
Less aggregate unamortized debt issuance costs				(57.8)	(46)
Total debt, net				2,424.9	2,630.9
Revolving Credit Facility
Long-term Debt, Fiscal Year Maturity [Abstract]
Year Ending March 31, 2023				0
Year Ending March 31, 2024				0
Year Ending March 31, 2025				0
Year Ending March 31, 2026				0
Year Ending March 31, 2027				0
Thereafter				0
Corporate debt				0	0
2023 Term Loan A | Term Loan
Long-term Debt, Fiscal Year Maturity [Abstract]
Year Ending March 31, 2023				193.6
Year Ending March 31, 2024				0
Year Ending March 31, 2025				0
Year Ending March 31, 2026				0
Year Ending March 31, 2027				0
Thereafter				0
Corporate debt				193.6	660
2023 Term Loan A | Term Loan | Subsequent Event
Long-term Debt, Fiscal Year Maturity [Abstract]
Principal amount of debt prepaid		$ 193.6
Term Loan B | Term Loan
Long-term Debt, Fiscal Year Maturity [Abstract]
Year Ending March 31, 2023				12.5
Year Ending March 31, 2024				12.5
Year Ending March 31, 2025				819.2
Year Ending March 31, 2026				0
Year Ending March 31, 2027				0
Thereafter				0
Corporate debt				844.2	952.6
Principal amount of debt prepaid			$ 101.9
5.500% Senior Notes | Senior Notes
Long-term Debt, Fiscal Year Maturity [Abstract]
Year Ending March 31, 2023				0
Year Ending March 31, 2024				0
Year Ending March 31, 2025				0
Year Ending March 31, 2026				0
Year Ending March 31, 2027				0
Thereafter				1,000
Corporate debt				$ 1,000	0
Coupon rate	5.50%			5.50%
5.875% Senior Notes | Senior Notes
Long-term Debt, Fiscal Year Maturity [Abstract]
Corporate debt				$ 0	518.7
Coupon rate	5.875%			5.875%
Principal amount of debt prepaid	$ 518.7
6.375% Senior Notes | Senior Notes
Long-term Debt, Fiscal Year Maturity [Abstract]
Corporate debt				$ 0	545.6
Coupon rate	6.375%			6.375%
Principal amount of debt prepaid	$ 545.6
2026 Term Loan A | Term Loan
Long-term Debt, Fiscal Year Maturity [Abstract]
Year Ending March 31, 2023				$ 16.7
Year Ending March 31, 2024				28.9
Year Ending March 31, 2025				41.1
Year Ending March 31, 2026				44.5
Year Ending March 31, 2027				313.7
Thereafter				0
Corporate debt				$ 444.9	$ 0

Debt (Narrative - Senior Credit

Debt (Narrative - Senior Credit Facilities) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Apr. 06, 2021
Letter of Credit
Line of Credit Facility [Abstract]
Letters of credit outstanding, amount	$ 0
Term Loan | Term Loan A
Line of Credit Facility [Abstract]
Number of possible increases in margin	2
Effective interest rate	2.20%
Term Loan | 2023 Term Loan A
Line of Credit Facility [Abstract]
Quarterly principal payment percent	1.25%
Quarterly principal payment percent, year two	1.75%
Quarterly principal payment percent, year three	2.50%
Term Loan | 2026 Term Loan A
Line of Credit Facility [Abstract]
Principal amount of debt instrument amended		$ 444.9
Quarterly principal payment percent	1.25%
Quarterly principal payment percent, year two	1.75%
Quarterly principal payment percent, year three	2.50%
Quarterly principal payment percent, year four	2.50%
Term Loan | Term Loan B
Line of Credit Facility [Abstract]
Effective interest rate	2.70%
Quarterly principal payment percent	0.25%
Revolving Credit Facility
Line of Credit Facility [Abstract]
Principal amount of debt instrument amended		$ 1,250
Revolving credit facility, maximum borrowing capacity	$ 1,250
Revolving credit facility, available amount	$ 1,250
Number of possible increases in margin	2
Effective interest rate	2.20%
Change in control, trigger percentage	50.00%
Revolving Credit Facility | Minimum
Line of Credit Facility [Abstract]
Revolving credit facility, commitment fee annual percentage	0.25%
Revolving Credit Facility | Maximum
Line of Credit Facility [Abstract]
Revolving credit facility, commitment fee annual percentage	0.375%
Base Rate | Term Loan | Term Loan A
Line of Credit Facility [Abstract]
Basis spread on variable interest rate (as a percent)	0.75%
Base Rate | Term Loan | Term Loan B
Line of Credit Facility [Abstract]
Basis spread on variable interest rate (as a percent)	1.25%
LIBOR | Term Loan | Term Loan A
Line of Credit Facility [Abstract]
Basis spread on variable interest rate (as a percent)	1.75%
Potential increase in interest rate if certain leverage ratios are met, total	0.50%
Potential increase in interest rate if certain leverage ratios are met, per increase	0.25%
LIBOR | Term Loan | Term Loan B
Line of Credit Facility [Abstract]
Basis spread on variable interest rate (as a percent)	2.25%
LIBOR | Term Loan | Minimum | Term Loan A
Line of Credit Facility [Abstract]
Coupon rate	0.00%
LIBOR | Term Loan | Minimum | Term Loan B
Line of Credit Facility [Abstract]
Coupon rate	0.00%
LIBOR | Revolving Credit Facility
Line of Credit Facility [Abstract]
Basis spread on variable interest rate (as a percent)	1.75%
Potential increase in interest rate if certain leverage ratios are met, total	0.50%
Potential increase in interest rate if certain leverage ratios are met, per increase	0.25%
LIBOR | Revolving Credit Facility | Minimum
Line of Credit Facility [Abstract]
Coupon rate	0.00%

Debt (Narrative - Senior Notes)

Debt (Narrative - Senior Notes) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Apr. 01, 2021
5.500% Senior Notes
Debt Instrument [Line Items]
Basis spread on treasury rate	0.50%
5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Coupon rate	5.50%	5.50%
Debt instrument redemption premium percentage, as a percentage of principal amount prepaid or redeemed	1.00%
Senior Credit Facilities And Senior Notes
Debt Instrument [Line Items]
Net Loss, Amount Free of Restrictions	$ 205.4
Accumulated Deficit, Amount Free of Restrictions	$ 369.7
Debt instrument, redemption, period one | 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price percentage	100.00%
Debt instrument, redemption price, percentage of principal amount that may be redeemed, certain equity offerings	40.00%
Debt instrument, redemption price, certain equity offerings, percentage	105.50%
Debt instrument, redemption, period two | 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price percentage	102.75%
Debt instrument, redemption, period three | 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price percentage	101.375%
Debt instrument, redemption, period four | 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price percentage	100.00%
Change in Control | 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price percentage	101.00%
Certain Asset Disposition | 5.500% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument redemption price percentage	100.00%

Debt (Narrative - Debt Transact

Debt (Narrative - Debt Transactions) (Details) - USD ($) $ in Millions	Apr. 01, 2021	Apr. 30, 2022	Mar. 31, 2020	Mar. 31, 2022	Nov. 02, 2021	Apr. 06, 2021
Term Loan | 2023 Term Loan A
Debt Instrument [Line Items]
Principal amount of debt still outstanding with a maturity of March 22, 2023						$ 215.1
Term Loan | 2023 Term Loan A | Subsequent Event
Debt Instrument [Line Items]
Principal amount of debt redeemed or repaid		$ 193.6
Term Loan | 2026 Term Loan A
Debt Instrument [Line Items]
Principal amount of debt instrument amended						444.9
Term Loan | Term Loan B
Debt Instrument [Line Items]
Principal amount of debt redeemed or repaid			$ 101.9
Debt instrument, amount paid for repurchases			22	$ 95.3
Debt instrument, principal amount repurchased			28	96
Revolving Credit Facility
Debt Instrument [Line Items]
Principal amount of debt instrument amended						1,250
Principal amount of debt still outstanding with a maturity of March 22, 2023						$ 250
Revolving credit facility, maximum borrowing capacity				$ 1,250
Revolving Credit Facility | 2023 Revolving Credit Facility
Debt Instrument [Line Items]
Amount of revolving credit facility commitments terminated					$ 250
Revolving Credit Facility | 2026 Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity					$ 1,250
Senior Notes | 5.875% Senior Notes
Debt Instrument [Line Items]
Principal amount of debt redeemed or repaid	$ 518.7
Coupon rate	5.875%			5.875%
Debt instrument, redemption premium	$ 15.2
Debt instrument, amount paid for repurchases			1
Debt instrument, principal amount repurchased			1.3
Senior Notes | 6.375% Senior Notes
Debt Instrument [Line Items]
Principal amount of debt redeemed or repaid	$ 545.6
Coupon rate	6.375%			6.375%
Debt instrument, redemption premium	$ 17.4
Debt instrument, amount paid for repurchases			3.5
Debt instrument, principal amount repurchased			$ 4.4
Senior Notes | 5.500% Senior Notes
Debt Instrument [Line Items]
Principal amount of notes	$ 1,000
Coupon rate	5.50%			5.50%

Debt (Loss (Gain) on Extinguish

Debt (Loss (Gain) on Extinguishment of Debt) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Debt Instrument [Line Items]
Loss (gain) on extinguishment of debt	$ 28.2	$ 0	$ (5.4)
Term Loan B
Debt Instrument [Line Items]
Loss (gain) on extinguishment of debt	0.2
Revolving Credit Facility, Term Loan A and Senior Notes
Debt Instrument [Line Items]
Loss (gain) on extinguishment of debt	26.4
Recorded as a Reduction of Outstanding Debt Balances & Amortized Over Life of New Issuances	62.1
Total	88.5
Revolving Credit Facility, Term Loan A and Senior Notes | New Debt Issuance Costs and Call Premiums
Debt Instrument [Line Items]
Loss (gain) on extinguishment of debt	21.2
Recorded as a Reduction of Outstanding Debt Balances & Amortized Over Life of New Issuances	31
Total	52.2
Revolving Credit Facility, Term Loan A and Senior Notes | Previously Incurred Debt Issuance Costs
Debt Instrument [Line Items]
Loss (gain) on extinguishment of debt	5.2
Recorded as a Reduction of Outstanding Debt Balances & Amortized Over Life of New Issuances	31.1
Total	36.3
Revolving Credit Facility, Term Loan B and Other
Debt Instrument [Line Items]
Loss (gain) on extinguishment of debt	1.8
Revolving Credit Facility
Debt Instrument [Line Items]
Loss (gain) on extinguishment of debt	$ 1.1
Senior Notes
Debt Instrument [Line Items]
Loss (gain) on extinguishment of debt			(1.1)
Term Loan | Term Loan B, Repurchases
Debt Instrument [Line Items]
Loss (gain) on extinguishment of debt			(5.7)
Term Loan | Term Loan B, Prepayments
Debt Instrument [Line Items]
Loss (gain) on extinguishment of debt			$ 1.4

Film Related and Other Obliga_3

Film Related and Other Obligations (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2022	Apr. 01, 2022	Mar. 31, 2021
Production and Related Loans
Production and related loans, weighted average interest rate	3.00%	3.00%
Production Tax Credit Facility | Revolving Credit Facility
Credit Facility, maximum principal amount	$ 235	$ 235
Credit facility, outstanding amount	224	224		$ 120
Credit Facility, available amount	$ 10.5	$ 10.5
Production Tax Credit Facility | Revolving Credit Facility | LIBOR
Basis spread on variable interest rate (as a percent)		1.50%
Effective interest rate	1.90%	1.90%
Production Tax Credit Facility | Revolving Credit Facility | Base Rate
Basis spread on variable interest rate (as a percent)		0.50%
IP Credit Facility | Secured Debt
Credit Facility, maximum principal amount	$ 140	$ 140
Credit facility, outstanding amount	$ 123.5	$ 123.5
IP Credit Facility | Secured Debt | LIBOR
Basis spread on variable interest rate (as a percent)		2.25%
Effective interest rate	2.70%	2.70%
IP Credit Facility | Secured Debt | Base Rate
Basis spread on variable interest rate (as a percent)		1.25%
IGR Facility | Revolving Credit Facility
Debt instrument, term	2 years 90 days
IGR Facility | Secured Debt
Credit Facility, maximum principal amount	$ 125	$ 125
Credit facility, outstanding amount	$ 0	$ 0
IGR Facility | Secured Debt | Subsequent Event
Credit facility, outstanding amount			$ 125
IGR Facility | Secured Debt | SOFR
Basis spread on variable interest rate (as a percent)	1.15%
Minimum | Production Tax Credit Facility | Revolving Credit Facility | SOFR
Coupon rate	0.10%	0.10%
Minimum | IP Credit Facility | Secured Debt | LIBOR
Coupon rate	0.25%	0.25%
Minimum | IGR Facility | Revolving Credit Facility | SOFR
Basis spread on variable interest rate (as a percent)	1.25%
Coupon rate	0.10%	0.10%
Maximum | Production Tax Credit Facility | Revolving Credit Facility | SOFR
Coupon rate	0.25%	0.25%
Maximum | IGR Facility | Revolving Credit Facility | SOFR
Basis spread on variable interest rate (as a percent)	1.50%
Coupon rate	0.25%	0.25%

Film Related and Other Obliga_4

Film Related and Other Obligations (Components) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Film Related And Other Obligations [Abstract]
Program rights and film obligations	$ 278.4	$ 214.6
Production and related loans	1,286.7	493.5
IP Credit Facility and other financing obligations(1)	123.5	0
Total film related and other obligations	1,688.6	708.1
Unamortized debt issuance costs	(8.5)	(4.6)
Total film related and other obligations, net	1,680.1	703.5
Less current portion	(951.1)	(385)
Total non-current film related and other obligations	$ 729	$ 318.5

Film Related and Other Obliga_5

Film Related and Other Obligations (Future Annual Repayment) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Future Annual Repayment Of Film Related and Other Obligations [Abstract]
Year Ended March 31, 2023	$ 959.6
Year Ended March 31, 2024	262.2
Year Ended March 31, 2025	407.7
Year Ended March 31, 2026	30.9
Year Ended March 31, 2027	19.7
Thereafter	8.5
Total	1,688.6
Less unamortized debt issuance costs	(8.5)
Total film related and other obligations, net	1,680.1	$ 703.5
Program Rights and Film Obligations
Future Annual Repayment Of Film Related and Other Obligations [Abstract]
Year Ended March 31, 2023	199.6
Year Ended March 31, 2024	46.7
Year Ended March 31, 2025	17.7
Year Ended March 31, 2026	4.6
Year Ended March 31, 2027	1.3
Thereafter	8.5
Total	278.4
Production and Related Loans
Future Annual Repayment Of Film Related and Other Obligations [Abstract]
Year Ended March 31, 2023	732.9
Year Ended March 31, 2024	190.1
Year Ended March 31, 2025	363.7
Year Ended March 31, 2026	0
Year Ended March 31, 2027	0
Thereafter	0
Total	1,286.7
IP Credit Facility and Other Financing Obligations
Future Annual Repayment Of Film Related and Other Obligations [Abstract]
Year Ended March 31, 2023	27.1
Year Ended March 31, 2024	25.4
Year Ended March 31, 2025	26.3
Year Ended March 31, 2026	26.3
Year Ended March 31, 2027	18.4
Thereafter	0
Total	$ 123.5

Film Related and Other Obliga_6

Film Related and Other Obligations (Cumulative Minimum Guaranteed Payments of IP Credit Facility) (Details) $ in Millions	Mar. 31, 2022USD ($)
Debt Instrument [Line Items]
November 14, 2022	$ 222.8
November 14, 2023	41.4
November 14, 2024	860.3
November 14, 2025	44.5
July 30, 2026	313.7
Secured Debt | IP Credit Facility
Debt Instrument [Line Items]
November 14, 2022	26.3
November 14, 2023	52.5
November 14, 2024	78.8
November 14, 2025	105
July 30, 2026	$ 140

Leases (Narrative) (Details)

Leases (Narrative) (Details) $ in Millions	12 Months Ended
	Mar. 31, 2022USD ($)renewal_period
Lessee, Lease, Description [Line Items]
Lease not yet commenced, option to terminate term (in years)	7 years
Maximum
Lessee, Lease, Description [Line Items]
Leases, remaining lease term	10 years
Building
Lessee, Lease, Description [Line Items]
Operating lease, number of successive renewal periods available for Starz building lease | renewal_period	4
Operating lease, renewal term (in years)	5 years
Studio Facility
Lessee, Lease, Description [Line Items]
Lease not yet commenced, renewal term (in years)	10 years
Lease not yet commenced, total minimum lease payments | $	$ 179
Studio Facility | Maximum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term (in years)	10 years 6 months

Leases (Lease Cost) (Details)

Leases (Lease Cost) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Operating lease cost	$ 54.9	$ 45.1	$ 35.3
Finance lease cost
Amortization of right-of-use assets	0	2.6	3
Interest on lease liabilities	0	1.6	3.4
Total finance lease cost	0	4.2	6.4
Short-term lease cost	233.1	129.5	93.3
Variable lease cost	1.4	2.6	2.5
Total lease cost	$ 289.4	$ 181.4	$ 137.5

Leases (Balance Sheet Informati

Leases (Balance Sheet Information, Leases) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Operating Leases
Operating Lease, Right-of-Use Asset	$ 170.7	$ 127
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
Operating Leases, Liabilities, current	$ 41.4	$ 41.4
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accounts payable and accrued liabilities	Accounts payable and accrued liabilities
Operating Leases, Liabilities, non-current	$ 159.3	$ 119.9
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Operating Lease, Liability	$ 200.7	$ 161.3
Operating leases, weighted average remaining lease term	6 years	5 years 1 month 6 days
Operating leases, weighted average discount rate, percent	3.32%	3.88%

Leases (Maturities of Lease Lia

Leases (Maturities of Lease Liabilities) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Operating Leases
Year ending March 31, 2023	$ 36.6
Year ending March 31, 2024	38.1
Year ending March 31, 2025	36.8
Year ending March 31, 2026	30.7
Year ending March 31, 2027	24.1
Thereafter	59.6
Total lease payments	225.9
Less imputed interest	(25.2)
Total	$ 200.7	$ 161.3

Fair Value Measurements (Assets

Fair Value Measurements (Assets and Liabilities Required to Be Carried at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Assets:
Interest rate swaps	$ 32	$ 50.8
Other Non-Current Assets
Assets:
Interest rate swaps	32	50.8
Other Non-Current Assets | Interest Rate Swap, Financing
Liabilities:
Financing element of certain hybrid instruments	88.1	98.2
Fair Value, Measurements, Recurring
Assets:
Equity securities with a readily determinable fair value	0.5	1.8
Forward exchange contracts	3.5	1.5
Interest rate swaps	120.1	149
Liabilities:
Forward exchange contracts	(2.8)	(2.6)
Interest rate swaps	28.6	(78.4)
Fair Value, Measurements, Recurring | Level 1
Assets:
Equity securities with a readily determinable fair value	0.5	1.8
Forward exchange contracts	0	0
Interest rate swaps	0	0
Liabilities:
Forward exchange contracts	0	0
Interest rate swaps	0	0
Fair Value, Measurements, Recurring | Level 2
Assets:
Equity securities with a readily determinable fair value	0	0
Forward exchange contracts	3.5	1.5
Interest rate swaps	120.1	149
Liabilities:
Forward exchange contracts	(2.8)	(2.6)
Interest rate swaps	$ 28.6	$ (78.4)

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying Values of Assets and Liabilities Not Required to Be Carried at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Millions	Apr. 01, 2021	Apr. 30, 2022	Mar. 31, 2020	Mar. 31, 2022	Mar. 31, 2021
Other Non-Current Assets | Interest Rate Swap, Financing
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
Financing element of certain hybrid instruments				$ 88.1	$ 98.2
Term Loan | Term Loan B
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
Principal amount of debt redeemed or repaid			$ 101.9
Term Loan | 2023 Term Loan A | Subsequent Event
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
Principal amount of debt redeemed or repaid		$ 193.6
Senior Notes | 5.500% Senior Notes
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
Coupon rate	5.50%			5.50%
Senior Notes | 5.875% Senior Notes
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
Coupon rate	5.875%			5.875%
Principal amount of debt redeemed or repaid	$ 518.7
Senior Notes | 6.375% Senior Notes
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
Coupon rate	6.375%			6.375%
Principal amount of debt redeemed or repaid	$ 545.6
Carrying Value
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
IP Credit Facility and Financing component of interest rate swaps, fair value disclosure				$ 134	152.5
Carrying Value | Term Loan | Term Loan A
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
Loans, fair value disclosure				631.9	651.4
Carrying Value | Term Loan | Term Loan B
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
Loans, fair value disclosure				837.5	942.8
Carrying Value | Senior Notes | 5.500% Senior Notes
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
Senior Notes, fair value disclosure				965.8	0
Carrying Value | Senior Notes | 5.875% Senior Notes
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
Senior Notes, fair value disclosure				0	506.7
Carrying Value | Senior Notes | 6.375% Senior Notes
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
Senior Notes, fair value disclosure				0	540.8
Carrying Value | Production and Related Loans | Production and Related Loans
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
Loans, fair value disclosure				1,281.2	489
Carrying Value | Secured Debt | IP Credit Facility and Other Financing Obligations
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
IP Credit Facility and Financing component of interest rate swaps, fair value disclosure				120.6	0
Fair Value | Fair Value (Level 2)
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
IP Credit Facility and Financing component of interest rate swaps, fair value disclosure				122.9	144.7
Fair Value | Fair Value (Level 2) | Term Loan | Term Loan A
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
Loans, fair value disclosure				625.7	647.6
Fair Value | Fair Value (Level 2) | Term Loan | Term Loan B
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
Loans, fair value disclosure				828.3	936
Fair Value | Fair Value (Level 2) | Senior Notes | 5.500% Senior Notes
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
Senior Notes, fair value disclosure				962.5	0
Fair Value | Fair Value (Level 2) | Senior Notes | 5.875% Senior Notes
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
Senior Notes, fair value disclosure				0	533.9
Fair Value | Fair Value (Level 2) | Senior Notes | 6.375% Senior Notes
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
Senior Notes, fair value disclosure				0	563
Fair Value | Fair Value (Level 2) | Production and Related Loans | Production and Related Loans
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
Loans, fair value disclosure				1,286.7	493.5
Fair Value | Fair Value (Level 2) | Secured Debt | IP Credit Facility and Other Financing Obligations
Fair Value, Carrying Values and Fair Values of Assets and Liabilities Not Required to be Carried At Fair Value on a Recurring Basis [Line Items]
IP Credit Facility and Financing component of interest rate swaps, fair value disclosure				$ 123.5	$ 0

Noncontrolling Interests (Narra

Noncontrolling Interests (Narrative) (Details) - USD ($) $ in Millions	Nov. 12, 2024	Nov. 12, 2022	May 29, 2018	Nov. 12, 2015	Jun. 30, 2021	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Redeemable Noncontrolling Interest [Line Items]
Noncontrolling interests discount accretion						$ 22.7	$ 22.7	$ 25.4
3 Arts Entertainment
Redeemable Noncontrolling Interest [Line Items]
Deferred compensation arrangements			$ 38.3
Contingency period						5 years
Forecast
Redeemable Noncontrolling Interest [Line Items]
Call period	30 days	30 days
3 Arts Entertainment
Redeemable Noncontrolling Interest [Line Items]
Put rights exercise period						60 days
Period after expiration of put rights that call rights begin						30 days
Call rights exercise period						60 days
Pilgrim Media Group
Redeemable Noncontrolling Interest [Line Items]
Noncontrolling interests discount accretion					$ 2.7
3 Arts Entertainment
Redeemable Noncontrolling Interest [Line Items]
Initial fair value of redeemable noncontrolling interests			$ 15.8
Redeemable noncontrolling interest, ownership percentage held by noncontrolling interest holders			49.00%
Pilgrim Media Group
Redeemable Noncontrolling Interest [Line Items]
Initial fair value of redeemable noncontrolling interests				$ 90.1
Redeemable noncontrolling interest, ownership percentage held by noncontrolling interest holders				37.50%
Pilgrim Media Group | Forecast
Redeemable Noncontrolling Interest [Line Items]
Portion of noncontrolling interest redeemable after first term, five years after November 12, 2015		25.00%

Noncontrolling Interests (Chang

Noncontrolling Interests (Changes In Redeemable Noncontrolling Interests) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance	$ 219.1	$ 167.8	$ 127.6
Net loss attributable to redeemable noncontrolling interests	(17.7)	(15.9)	(18.2)
Noncontrolling interests discount accretion	22.7	22.7	25.4
Adjustments to redemption value	98.6	47.1	37.2
Cash distributions	(1.5)	(2.6)	(4.2)
Ending balance	$ 321.2	$ 219.1	$ 167.8

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) $ in Millions	12 Months Ended
	Mar. 31, 2022USD ($)
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 146.2
Revenue recognized in period from performance obligations satisfied in previous period	$ 229.3

Revenue (Disaggregation of Reve

Revenue (Disaggregation of Revenue) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 3,604.3	$ 3,271.5	$ 3,890
Operating segments | Motion Picture
Disaggregation of Revenue [Line Items]
Revenues	1,185.3	1,081.1	1,670.9
Operating segments | Motion Picture | Theatrical
Disaggregation of Revenue [Line Items]
Revenues	65.3	12	355.6
Operating segments | Motion Picture | Digital Media
Disaggregation of Revenue [Line Items]
Revenues	497.1	461.5	447.9
Operating segments | Motion Picture | Packaged Media
Disaggregation of Revenue [Line Items]
Revenues	115	139.5	256.9
Operating segments | Motion Picture | Home Entertainment
Disaggregation of Revenue [Line Items]
Revenues	612.1	601	704.8
Operating segments | Motion Picture | Television
Disaggregation of Revenue [Line Items]
Revenues	257.9	230.2	247.1
Operating segments | Motion Picture | International
Disaggregation of Revenue [Line Items]
Revenues	234.4	217	341
Operating segments | Motion Picture | Other
Disaggregation of Revenue [Line Items]
Revenues	15.6	20.9	22.4
Operating segments | Television Production
Disaggregation of Revenue [Line Items]
Revenues	1,531	831.8	1,001.3
Operating segments | Television Production | Digital Media
Disaggregation of Revenue [Line Items]
Revenues	85.1	127.1	57.4
Operating segments | Television Production | Packaged Media
Disaggregation of Revenue [Line Items]
Revenues	6.9	5.7	3.4
Operating segments | Television Production | Home Entertainment
Disaggregation of Revenue [Line Items]
Revenues	92	132.8	60.8
Operating segments | Television Production | International
Disaggregation of Revenue [Line Items]
Revenues	256.5	164.5	152.7
Operating segments | Television Production | Other
Disaggregation of Revenue [Line Items]
Revenues	88	60.5	72.1
Operating segments | Television Production | Television
Disaggregation of Revenue [Line Items]
Revenues	1,094.5	474	715.7
Operating segments | Media Networks
Disaggregation of Revenue [Line Items]
Revenues	1,536.2	1,562.7	1,486.8
Operating segments | Media Networks | Programming
Disaggregation of Revenue [Line Items]
Revenues	1,536.2	1,562.7	1,486.8
Intersegment Eliminations
Disaggregation of Revenue [Line Items]
Revenues	(648.2)	(204.1)	(269)
Intersegment Eliminations | Motion Picture
Disaggregation of Revenue [Line Items]
Revenues	(38)	(19.8)	(17.7)
Intersegment Eliminations | Television Production
Disaggregation of Revenue [Line Items]
Revenues	(610.2)	(184.3)	(248.9)
Intersegment Eliminations | Media Networks
Disaggregation of Revenue [Line Items]
Revenues	0	0	(2.4)
International | Operating segments | Media Networks | Programming
Disaggregation of Revenue [Line Items]
Revenues	107.3	65.5	22.9
Domestic
Disaggregation of Revenue [Line Items]
Revenues	3,016.8	2,863.3	3,321.9
Domestic | Operating segments | Media Networks | Programming
Disaggregation of Revenue [Line Items]
Revenues	$ 1,428.9	1,497.2	1,463.9
Domestic | Operating segments | Media Networks | Other Streaming Services
Disaggregation of Revenue [Line Items]
Revenues		$ 50.3	$ 33.8

Revenue (Remaining Performance

Revenue (Remaining Performance Obligations - Timing) (Details) $ in Millions	Mar. 31, 2022USD ($)
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 1,768.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 1,067
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 283.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 231
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 186.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period

Revenue (Contract with Customer

Revenue (Contract with Customer, Asset and Liability) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Accounts receivable, net - current	$ 442.2	$ 383.7
Accounts receivable, net - current, addition (reduction)	58.5
Accounts receivable, net - non-current	39	49.4
Accounts receivable, net - non-current, addition (reduction)	(10.4)
Contract asset - current	40.5	25.6
Contract asset - current, addition (reduction)	14.9
Contract asset - non-current	9.3	10.3
Contract asset - non-current, addition (reduction)	(1)
Deferred revenue - current	174.9	165.7
Deferred revenue - current, addition (reduction)	9.2
Deferred revenue - non-current	49.8	$ 56.2
Deferred revenue - non-current, addition (reduction)	$ (6.4)

Revenue (Provision for Doubtful

Revenue (Provision for Doubtful Accounts) (Details) $ in Millions	12 Months Ended
	Mar. 31, 2022USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 6.5
Provision for doubtful accounts	5.3
Uncollectible accounts written-off	(0.3)
Ending Balance	11.5
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for doubtful accounts	5.3
Receivables Impacted By Russia's Invasion Of Ukraine
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Provision for doubtful accounts	5.9
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for doubtful accounts	$ 5.9

Capital Stock (Narrative - Equi

Capital Stock (Narrative - Equity) (Details) $ in Thousands, shares in Millions	Dec. 08, 2016USD ($)installment	Mar. 31, 2022shares	Mar. 31, 2021shares
Class of Stock [Line Items]
Affiliation agreement, number of annual installments | installment	3
Affiliation agreement, annual installment payment, equity or cash, amount | $	$ 16,670
Affiliation agreement, value of agreement | $	$ 50,000
Class A Voting Common Shares
Class of Stock [Line Items]
Authorized common shares (in shares) | shares		500	500
Class B Non-Voting Common Shares
Class of Stock [Line Items]
Authorized common shares (in shares) | shares		500	500

Capital Stock (Narrative - Shar

Capital Stock (Narrative - Share Based Compensation) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Sep. 14, 2021	May 07, 2020	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
LGEC 2019 Performance Incentive Plan, number of additional shares authorized (in shares)	5
LGEC 2019 Performance Incentive Plan, number of shares authorized (in shares)	21.1
Incremental compensation expense from exchange program				$ 0
Excess tax deficiencies (benefit) on equity-based compensation awards			$ (14.9)	12.1	$ 11.3
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercised, total intrinsic value			$ 2.3	$ 1.7	$ 0.3
Stock Options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term			1 year
Expiration term			7 years
Stock Options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term			5 years
Expiration term			10 years
Shares cancelled to fund withholding tax obligations on option exercises (in shares)			0.1	0.1	0
Restricted Share Units (RSUs) and Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of restricted stock and restricted share units vested			$ 67.8	$ 35.3	$ 18.7
Shares withheld for tax purposes upon vesting of restricted share units (in shares)			2.3	0.9	0.4
Restricted Share Units (RSUs) and Restricted Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term			1 year
Restricted Share Units (RSUs) and Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term			3 years
Stock Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other share-based compensation granted in period, fair value			$ 2.3	$ 2.3	$ 2.3
Shares issued, net of shares for tax withholdings (in shares)			0.1	0.3	0.2
Class B Non-Voting Common Shares | Options and SARS, existing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards exchanged (in shares)		4.3
Class B Non-Voting Common Shares | Options and SARS, new
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards exchanged (in shares)		0.8
Awards exchanged, exercise price (in USD per share)		$ 7.13
Class A Voting Common Shares | Options and SARS, existing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards exchanged (in shares)		1.1
Class A Voting Common Shares | Options and SARS, new
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards exchanged (in shares)		0.1
Awards exchanged, exercise price (in USD per share)		$ 7.70

Capital Stock (Shares Reserved

Capital Stock (Shares Reserved for Future Issuance) (Details) - shares shares in Millions	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance (in shares)	53.9	51.4
Stock options and SARs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance (in shares)	27.6	26.7
Restricted Share Units (RSUs) and Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance (in shares)	7.9	9.1
Common shares available for future issuance under plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance (in shares)	18.4	15.6

Capital Stock (Shares Repurchas

Capital Stock (Shares Repurchased) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended		180 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	May 26, 2022	Feb. 02, 2016	Feb. 01, 2016
Equity, Class of Treasury Stock [Line Items]
Share repurchase plan, authorized amount				$ 468	$ 300
Common shares repurchased, value	$ 1	$ 3.8
Subsequent Event
Equity, Class of Treasury Stock [Line Items]
Common shares repurchased, value			$ 288.1
Share repurchase plan, remaining capacity			$ 179.9
Class A Voting Common Shares
Equity, Class of Treasury Stock [Line Items]
Common shares repurchased, number of shares	0.2	0.7
Common shares repurchased, value	$ 1	$ 3.8
Common shares repurchased, average cost per share	$ 5.75	$ 5.43

Capital Stock (Share-Based Comp

Capital Stock (Share-Based Compensation Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 100	$ 85.5	$ 50
Impact of accelerated vesting on equity awards	0	3.5	0.6
Total share-based compensation expense	100	89	50.6
Tax impact	(19.7)	(17.8)	(10.7)
Reduction in net income	80.3	71.2	39.9
Stock Options
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	19.2	18.7	17.8
Restricted Share Units and Other Share-based Compensation
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	73.4	58.8	29.1
Share Appreciation Rights (SARs)
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 7.4	$ 8	$ 3.1

Capital Stock (Share-based Co_2

Capital Stock (Share-based Compensation Expense by Category) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 100	$ 89	$ 50.6
Direct operating
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	1.2	2	1
Distribution and marketing
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	0.5	0.6	0.5
General and administrative expense
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	98.3	82.9	48.5
Restructuring and other
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 0	$ 3.5	$ 0.6

Capital Stock (Stock Options Ac

Capital Stock (Stock Options Activity) (Details) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Mar. 31, 2022USD ($)$ / sharesshares
Stock Options and SARs | Class A Voting Common Shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of period (in shares)	5.5
Granted (in shares)	0
Exercised (in shares)	0
Forfeited or expired (in shares)	(0.1)
Outstanding, end of period (in shares)	5.4
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding, Beginning of Period, Weighted Average Exercise Price (in usd per share) | $ / shares	$ 24.23
Granted, Weighted Average Exercise Price (in usd per share) | $ / shares	0
Exercised, Weighted Average Exercise Price (in usd per share) | $ / shares	10.52
Forfeited or expired, Weighted Average Exercise Price (in usd per share) | $ / shares	24.31
Outstanding, End of Period, Weighted Average Exercise Price (in usd per share) | $ / shares	$ 24.34
Outstanding, Weighted Average Remaining Contractual Term (in years)	2 years 7 months 13 days
Outstanding, Aggregate Intrinsic Value | $	$ 0.7
Outstanding, vested or expected to vest (in shares)	5.4
Outstanding, vested or expected to vest, Weighted Average Exercise Price (in usd per share) | $ / shares	$ 24.35
Outstanding, vested or expected to vest, Weighted Average Remaining Contractual Term In Years	2 years 7 months 13 days
Outstanding, vested or expected to vest, Aggregate Intrinsic Value | $	$ 0.7
Exercisable (in shares)	4.8
Exercisable, Weighted Average Exercise Price (in usd per share) | $ / shares	$ 24.80
Exercisable, Weighted Average Remaining Contractual Term In Years	2 years 7 months 13 days
Exercisable, Aggregate Intrinsic Value | $	$ 0.3
Stock Options and SARs | Class B Non-Voting Common Shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of period (in shares)	21.2
Granted (in shares)	2
Exercised (in shares)	(0.4)
Forfeited or expired (in shares)	(0.6)
Outstanding, end of period (in shares)	22.2
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding, Beginning of Period, Weighted Average Exercise Price (in usd per share) | $ / shares	$ 15.85
Granted, Weighted Average Exercise Price (in usd per share) | $ / shares	12.12
Exercised, Weighted Average Exercise Price (in usd per share) | $ / shares	11.19
Forfeited or expired, Weighted Average Exercise Price (in usd per share) | $ / shares	24.49
Outstanding, End of Period, Weighted Average Exercise Price (in usd per share) | $ / shares	$ 15.36
Outstanding, Weighted Average Remaining Contractual Term (in years)	6 years
Outstanding, Aggregate Intrinsic Value | $	$ 50.7
Outstanding, vested or expected to vest (in shares)	22.1
Outstanding, vested or expected to vest, Weighted Average Exercise Price (in usd per share) | $ / shares	$ 15.40
Outstanding, vested or expected to vest, Weighted Average Remaining Contractual Term In Years	5 years 11 months 23 days
Outstanding, vested or expected to vest, Aggregate Intrinsic Value | $	$ 49.8
Exercisable (in shares)	14.5
Exercisable, Weighted Average Exercise Price (in usd per share) | $ / shares	$ 18
Exercisable, Weighted Average Remaining Contractual Term In Years	4 years 11 months 8 days
Exercisable, Aggregate Intrinsic Value | $	$ 16.8
SARs | Class B Non-Voting Common Shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Granted (in shares)	0.3
Maximum | Stock Options and SARs | Class B Non-Voting Common Shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Exercised (in shares)	(0.1)

Capital Stock (Fair Value Assum

Capital Stock (Fair Value Assumptions) (Details) - Stock Options - $ / shares	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value of grants (in usd per share)	$ 6.27	$ 3.10	$ 2.08
Risk-free interest rate, minimum	0.80%	0.20%	0.20%
Risk-free interest rate, maximum	2.50%	0.90%	2.50%
Expected volatility for options, minimum	42.00%	37.00%	34.00%
Expected volatility for options, maximum	44.00%	42.00%	40.00%
Expected dividend yield	0.00%	0.00%	0.00%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected option lives (in years)	3 years 3 months 18 days	2 years 6 months	4 months 24 days
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected option lives (in years)	7 years	7 years	7 years

Capital Stock (Restricted Share

Capital Stock (Restricted Share Unit Activity) (Details) - Restricted Share Units (RSUs) and Restricted Stock shares in Millions	12 Months Ended
	Mar. 31, 2022$ / sharesshares
Class A Voting Common Shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding (in shares)	0
Granted (in shares)	0
Vested (in shares)	0
Forfeited (in shares)	0
Outstanding (in shares)	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, Weighted Average Grant Date Fair Value (in usd per share) | $ / shares	$ 11.10
Granted, Weighted Average Grant Date Fair Value (in usd per share) | $ / shares	13.16
Vested, Weighted Average Grant Date Fair Value (in usd per share) | $ / shares	12.05
Forfeited, Weighted Average Grant Date Fair Value (in usd per share) | $ / shares	0
Outstanding, Weighted Average Grant Date Fair Value (in usd per share) | $ / shares	$ 11.51
Class B Non-Voting Common Shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding (in shares)	9.1
Granted (in shares)	5.1
Vested (in shares)	(5.7)
Forfeited (in shares)	(0.6)
Outstanding (in shares)	7.9
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, Weighted Average Grant Date Fair Value (in usd per share) | $ / shares	$ 8.71
Granted, Weighted Average Grant Date Fair Value (in usd per share) | $ / shares	14.10
Vested, Weighted Average Grant Date Fair Value (in usd per share) | $ / shares	9.10
Forfeited, Weighted Average Grant Date Fair Value (in usd per share) | $ / shares	10
Outstanding, Weighted Average Grant Date Fair Value (in usd per share) | $ / shares	$ 11.87
Maximum | Class A Voting Common Shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding (in shares)	0.1
Granted (in shares)	0.1
Vested (in shares)	(0.1)

Capital Stock (Unrecognized Com

Capital Stock (Unrecognized Compensation Cost) (Details) $ in Millions	12 Months Ended
	Mar. 31, 2022USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Unrecognized Compensation Cost	$ 66.9
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Unrecognized Compensation Cost	$ 17.4
Weighted Average Remaining Years	1 year
Restricted Share Units (RSUs) and Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Unrecognized Compensation Cost	$ 49.5
Weighted Average Remaining Years	1 year 4 months 24 days

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Income Taxes [Line Items]
Net interest and penalties recognized related to uncertain tax positions	$ 6	$ 1.2	$ 0.6
Accrued interest related to unrecognized tax benefits	13.2	$ 7.3
Unrecognized tax benefits that if realized would impact effective tax rate	80.2
Unrecognized tax benefits estimated that may be realized in next 12 months	79.9
Foreign Tax Authority | Canada
Income Taxes [Line Items]
Net operating loss carryforwards	3.9
Foreign Tax Authority | Luxembourg
Income Taxes [Line Items]
Net operating loss carryforwards	413
Foreign Tax Authority | Other Foreign
Income Taxes [Line Items]
Net operating loss carryforwards	12.8
State and Local Jurisdiction
Income Taxes [Line Items]
Net operating loss carryforwards	910.6
Domestic Tax Authority | United States
Income Taxes [Line Items]
Net operating loss carryforwards	1,602.2
Credit carryforward	$ 76.8

Income Taxes (Components of Pre

Income Taxes (Components of Pre-Tax Income (Loss)) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Income Tax Disclosure [Abstract]
United States	$ (359.2)	$ (246.3)	$ (453.3)
International	182.2	228.9	250.2
Loss before income taxes	$ (177)	$ (17.4)	$ (203.1)

Income Taxes (Current and Defer

Income Taxes (Current and Deferred Income Tax Provision (Benefits)) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Current provision (benefit):
Federal	$ 11	$ 5	$ (0.6)
States	10.7	2.9	3
International	8.4	5.8	1.8
Total current provision (benefit)	30.1	13.7	4.2
Deferred provision (benefit):
Federal	0.9	1.1	(18.5)
States	(2.6)	2.3	(1.8)
International	0	0	19.4
Total deferred provision (benefit)	(1.7)	3.4	(0.9)
Total provision for income taxes	$ 28.4	$ 17.1	$ 3.3

Income Taxes (Effective Income

Income Taxes (Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Income taxes computed at Federal statutory rate	$ (37.2)	$ (3.7)	$ (42.6)
Foreign affiliate dividends	(35.2)	(35.2)	(35.2)
Foreign operations subject to different income tax rates	50	47.4	51.4
State income tax	8.1	5.2	1.2
Gain on sale of Pantaya	0	13.8	0
Remeasurements of originating deferred tax assets and liabilities	(1.3)	4.2	(6.9)
Permanent differences	0.8	0.9	1.6
Nondeductible share based compensation	(3.3)	27.1	15
Nondeductible officers compensation	5.6	7.3	2.6
Non-controlling interest in partnerships	3.7	3.3	3.8
Nondeductible interest expense	0	3.5	0
Uncertain tax benefits	3.6	0.6	(3.2)
Other	1.2	(0.3)	(2.4)
Changes in valuation allowance	32.4	(57)	18
Total provision for income taxes	$ 28.4	$ 17.1	$ 3.3

Income Taxes (Deferred Tax Asse

Income Taxes (Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Deferred tax assets
Net operating losses	$ 496.9	$ 451.2
Foreign tax credits	76.8	77.3
Investment in film and television programs	14.5	41.8
Accrued compensation	56.7	65
Operating leases - liabilities	39.2	29
Other assets	19.6	47.8
Reserves	10.2	16.5
Accrued interest	10.6	33.1
Total deferred tax assets	724.5	761.7
Valuation allowance	(362.8)	(350.9)
Deferred tax assets, net of valuation allowance	361.7	410.8
Deferred tax liabilities:
Intangible assets	(351.9)	(385.6)
Fixed assets	0	(0.1)
Accounts receivable	0	(40.5)
Operating leases - assets	(34.5)	(22.8)
Other	(14.1)	(2.1)
Total deferred tax liabilities	(400.5)	(451.1)
Total
Net deferred tax liabilities	$ (38.8)	$ (40.3)

Income Taxes (Unrecognized Tax

Income Taxes (Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Gross unrecognized tax benefits	$ 68	$ 11.5	$ 16.8
Increases related to current year tax position	0	60.7	0
Increases related to prior year tax positions	2.6	3.1	0
Decreases related to prior year tax positions	0	0	(4)
Settlements	0	(1.9)	(0.5)
Lapse in statute of limitations	(0.4)	(5.4)	(0.8)
Gross unrecognized tax benefits	$ 70.2	$ 68	$ 11.5

Restructuring and Other (Restru

Restructuring and Other (Restructuring and Other) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring and other	$ 16.8	$ 24.7	$ 24.3
COVID-19 related charges (benefit)	(3.4)	67.5	50.2
Total restructuring and other and other unusual charges not included in restructuring and other	56.2	92.2	151
Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and other	4.6	18.3	12.9
COVID-19 related charges
Restructuring Cost and Reserve [Line Items]
Restructuring and other	1.1	3	0.3
Transaction and related costs
Restructuring Cost and Reserve [Line Items]
Restructuring and other	11.1	3.4	11.1
Cash | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and other	4.6	14.8	12.3
Accelerated vesting on equity awards | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and other	0	3.5	0.6
Direct operating expense
Restructuring Cost and Reserve [Line Items]
Programming and content charges	36.9	0	76.5
COVID-19 related charges (benefit)	(3.6)	50.6	46
Charges related to Russia's invasion of Ukraine included in direct operating expense	5.9	0	0
Distribution and marketing expense
Restructuring Cost and Reserve [Line Items]
COVID-19 related charges (benefit)	$ 0.2	$ 16.9	$ 4.2

Restructuring and Other (Severa

Restructuring and Other (Severance Liability Rollforward) (Details) - Severance liability - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Restructuring Reserve [Roll Forward]
Beginning balance	$ 5.7	$ 11.1	$ 21.2
Accruals	4.6	14.8	12.3
Severance payments	(8.8)	(20.2)	(22.4)
Ending balance(1)	1.5	$ 5.7	$ 11.1
Accounts Payable and Accrued Liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring costs recorded as a liability	$ 1.5

Segment Information (Narrative)

Segment Information (Narrative) (Details) $ in Millions	12 Months Ended
	Mar. 31, 2022USD ($)customer	Mar. 31, 2021USD ($)customer	Mar. 31, 2020USD ($)customer
Concentration Risk [Line Items]
Revenues	$ 3,604.3	$ 3,271.5	$ 3,890
Customer Concentration Risk | Sales Revenue, Net
Concentration Risk [Line Items]
Number of customers over 10% threshold | customer	1	1	1
Revenues	$ 639.2	$ 638.8	$ 438.6

Segment Information (Segment In

Segment Information (Segment Information) (Details) $ in Millions	12 Months Ended
	Mar. 31, 2022USD ($)segment	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)
Segment Reporting Information [Line Items]
Revenues	$ 3,604.3	$ 3,271.5	$ 3,890
Number of reportable business segments | segment	3
Gross contribution	$ 720.6	897.4	791.5
Segment general and administration	221.3	242.8	229.6
Segment profit (loss)	499.3	654.6	561.9
Direct operating expense benefit from modification of a content licensing arrangement			39.7
Reportable Segments
Segment Reporting Information [Line Items]
Segment general and administration	221.3	242.8	229.6
Segment profit (loss)	499.3	654.6	561.9
Reportable Segments | Studio Business
Segment Reporting Information [Line Items]
Revenues	2,716.3	1,912.9	2,672.2
Gross contribution	480.1	528.1	404.2
Segment general and administration	133.3	148.9	142.1
Segment profit (loss)	346.8	379.2	262.1
Reportable Segments | Motion Picture
Segment Reporting Information [Line Items]
Revenues	1,185.3	1,081.1	1,670.9
Gross contribution	356	401.8	313.5
Segment general and administration	93.1	106.2	104.8
Segment profit (loss)	262.9	295.6	208.7
Reportable Segments | Television Production
Segment Reporting Information [Line Items]
Revenues	1,531	831.8	1,001.3
Gross contribution	124.1	126.3	90.7
Segment general and administration	40.2	42.7	37.3
Segment profit (loss)	83.9	83.6	53.4
Reportable Segments | Media Networks
Segment Reporting Information [Line Items]
Revenues	1,536.2	1,562.7	1,486.8
Gross contribution	243.2	383.4	380.5
Segment general and administration	88	93.9	87.5
Segment profit (loss)	155.2	289.5	293
Intersegment Eliminations
Segment Reporting Information [Line Items]
Revenues	(648.2)	(204.1)	(269)
Gross contribution	(2.7)	(14.1)	6.8
Segment profit (loss)	(2.7)	(14.1)	6.8
Intersegment Eliminations | Studio Business
Segment Reporting Information [Line Items]
Revenues	(648.2)	(204.1)	(266.6)
Intersegment Eliminations | Motion Picture
Segment Reporting Information [Line Items]
Revenues	(38)	(19.8)	(17.7)
Intersegment Eliminations | Television Production
Segment Reporting Information [Line Items]
Revenues	(610.2)	(184.3)	(248.9)
Intersegment Eliminations | Media Networks
Segment Reporting Information [Line Items]
Revenues	$ 0	$ 0	$ (2.4)

Segment Information (Reconcilia

Segment Information (Reconciliation Of Total Segment Profit To The Company's Loss Before Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Company’s total segment profit	$ 499.3	$ 654.6	$ 561.9
Gain on sale of Pantaya	0	44.1	0
Adjusted depreciation and amortization	(43)	(44.3)	(41.8)
Restructuring and other	(16.8)	(24.7)	(24.3)
COVID-19 related charges included in direct operating expense and distribution and marketing expense	3.4	(67.5)	(50.2)
Adjusted share-based compensation expense	(100)	(85.5)	(50)
Operating income	9	170.6	2.8
Interest expense	(176)	(181.5)	(191.3)
Interest and other income	30.8	5.8	8.8
Other expense	(10.9)	(6.7)	(11.1)
Gain (loss) on extinguishment of debt	(28.2)	0	5.4
Gain (loss) on investments	1.3	0.5	(0.5)
Equity interests loss	(3)	(6.1)	(17.2)
Loss before income taxes	(177)	(17.4)	(203.1)
Operating segments
Segment Reporting Information [Line Items]
Company’s total segment profit	499.3	654.6	561.9
Corporate
Segment Reporting Information [Line Items]
Corporate general and administrative expenses	(97.1)	(113.7)	(99.7)
COVID-19 related charges included in direct operating expense and distribution and marketing expense			(15.1)
Programming and content charges			(76.5)
Corporate and reconciling items
Segment Reporting Information [Line Items]
Adjusted depreciation and amortization	(43)	(44.3)	(41.8)
Restructuring and other	(16.8)	(24.7)	(24.3)
COVID-19 related charges included in direct operating expense and distribution and marketing expense	3.4	(67.5)	(50.2)
Programming and content charges	(36.9)	0	(76.5)
Charges related to Russia's invasion of Ukraine	(5.9)	0	0
Adjusted share-based compensation expense	(100)	(85.5)	(50)
Purchase accounting and related adjustments	$ (194)	$ (192.4)	$ (216.6)

Segment Information (Gain on Sa

Segment Information (Gain on Sale of Pantaya, Adjusted Depreciation and Amortization, COVID-19 Charges) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Goodwill allocated related to sale of Pantaya		$ 69
Depreciation and amortization	$ 177.9	188.5	$ 197.7
Adjusted depreciation and amortization	43	44.3	41.8
COVID-19 related charges (benefit)	(3.4)	67.5	50.2
Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted depreciation and amortization	43	44.3	41.8
COVID-19 related charges (benefit)	(3.4)	67.5	50.2
Purchase accounting and related adjustments | Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Depreciation and amortization	$ (134.9)	$ (144.2)	$ (155.9)

Segment Information (Adjusted S

Segment Information (Adjusted Share-Based Compensation Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Share-based compensation expense	$ 100	$ 85.5	$ 50
Share-based compensation expense included in restructuring and other	0	(3.5)	(0.6)
Share-based compensation expense	100	89	50.6
Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Share-based compensation expense	100	85.5	50
Restructuring and other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Share-based compensation expense	0	3.5	0.6
Restructuring and other | Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Share-based compensation expense included in restructuring and other	$ 0	$ 3.5	$ 0.6

Segment Information (Purchase A

Segment Information (Purchase Accounting and Related Adjustments) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Purchase accounting and related adjustments	$ 194	$ 192.4	$ 216.6
Direct operating | Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Purchase accounting and related adjustments	0.4	1	8.1
General and administrative expense
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Purchase accounting and related adjustments	58.7	47.2
General and administrative expense | Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Purchase accounting and related adjustments	58.7	47.2	52.6
Depreciation and amortization expense | Corporate and reconciling items
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Purchase accounting and related adjustments	$ 134.9	$ 144.2	$ 155.9

Segment Information (Reconcil_2

Segment Information (Reconciliation of Segment General and Administration to Consolidated) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting, Other Significant Reconciling Item [Line Items]
Segment general and administrative expenses	$ 221.3	$ 242.8	$ 229.6
General and administration	475.4	486.6	430.4
Operating segments
Segment Reporting, Other Significant Reconciling Item [Line Items]
Segment general and administrative expenses	221.3	242.8	229.6
Corporate
Segment Reporting, Other Significant Reconciling Item [Line Items]
Corporate general and administrative expenses	97.1	113.7	99.7
Corporate and reconciling items
Segment Reporting, Other Significant Reconciling Item [Line Items]
Purchase accounting and related adjustments	194	192.4	216.6
General and administrative expense
Segment Reporting, Other Significant Reconciling Item [Line Items]
Purchase accounting and related adjustments	58.7	47.2
General and administrative expense | Corporate and reconciling items
Segment Reporting, Other Significant Reconciling Item [Line Items]
Share-based compensation expense included in general and administrative expense	98.3	82.9	48.5
Purchase accounting and related adjustments	$ 58.7	$ 47.2	$ 52.6

Segment Information (Reconcil_3

Segment Information (Reconciliation of Total Assets By Segment to Consolidated Assets) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 8,991.2	$ 8,306.2
Operating segments | Motion Picture
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,622.6	1,212.4
Operating segments | Television Production
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,978.9	1,757.9
Operating segments | Media Networks
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	4,706.7	4,399.3
Other unallocated assets
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 683	$ 936.6

Segment Information (Acquisitio

Segment Information (Acquisition of Investment in Films and Television Programs and Program Rights by Segment) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Acquisition of investment in films and television programs and program rights	$ 2,211.7	$ 1,616.7	$ 1,545.3
Reportable Segments | Motion Picture
Segment Reporting Information [Line Items]
Acquisition of investment in films and television programs and program rights	465	339.8	349.8
Reportable Segments | Television Production
Segment Reporting Information [Line Items]
Acquisition of investment in films and television programs and program rights	1,287	856.1	743.3
Reportable Segments | Media Networks
Segment Reporting Information [Line Items]
Acquisition of investment in films and television programs and program rights	1,134.6	625.1	640.7
Intersegment Eliminations
Segment Reporting Information [Line Items]
Acquisition of investment in films and television programs and program rights	$ (674.9)	$ (204.3)	$ (188.5)

Segment Information (Revenue an

Segment Information (Revenue and Long-Lived Assets by Geographic Location) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 3,604.3	$ 3,271.5	$ 3,890
Long-Lived Assets	3,265.5	2,441.9
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	56.8	43.3	43.9
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	3,016.8	2,863.3	3,321.9
Long-Lived Assets	3,101.3	2,279.7
Other Foreign
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	530.7	364.9	$ 524.2
Long-Lived Assets	$ 164.2	$ 162.2

Segment Information (Capital Ex

Segment Information (Capital Expenditures By Segment) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Capital expenditures	$ 33.1	$ 35	$ 31.1
Motion Picture
Segment Reporting Information [Line Items]
Capital expenditures	0	0	0
Television Production
Segment Reporting Information [Line Items]
Capital expenditures	0.4	0.4	1.2
Media Networks
Segment Reporting Information [Line Items]
Capital expenditures	27	24.9	22.4
Corporate
Segment Reporting Information [Line Items]
Capital expenditures	$ 5.7	$ 9.7	$ 7.5

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Details) $ in Millions	Oct. 09, 2018USD ($)	Aug. 30, 2016classActionComplaint	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Nov. 05, 2018USD ($)
Other Commitments [Line Items]
Redeemable noncontrolling interest			$ 321.2	$ 219.1	$ 167.8	$ 127.6
Multiemployer benefit plans, funded status			At least 80 percent
Multiemployer Plan, Pension, Insignificant, Employer Contribution, Cost			$ 98.3	$ 73.8	$ 55.5
Loss Contingencies [Line Items]
Contingencies, putative class action complaints filed, number | classActionComplaint		7
Motion Picture Industry Pension Plan
Other Commitments [Line Items]
Multiemployer benefit plans, funded percentage			68.90%
Screen Actors Guild - Producers Pension Plan
Other Commitments [Line Items]
Multiemployer benefit plans, funded percentage			74.70%
Fiduciary Litigation
Loss Contingencies [Line Items]
Settlement payment amount	$ 92.5
Insurance reimbursement, amount	$ 37.8
Insurance Litigation
Loss Contingencies [Line Items]
Lawsuit for insurance reimbursement, amount							$ 10
Net settlement amount			$ 22.7

Commitments and Contingencies_3

Commitments and Contingencies (Future Annual Repayment of Contractual Commitments) (Details) $ in Millions	Mar. 31, 2022USD ($)
Contractual Obligations [Line Items]
Total future commitments under contractual obligations, 2023	$ 776.4
Total future commitments under contractual obligations, 2024	379
Total future commitments under contractual obligations, 2025	218.6
Total future commitments under contractual obligations, 2026	100
Total future commitments under contractual obligations, 2027	82.9
Total future commitments under contractual obligations, thereafter	216
Contractual commitments, total	1,772.9
Film Related Obligations Commitments
Contractual Obligations [Line Items]
Other commitments, 2023	510.9
Other commitments, 2024	203.1
Other commitments, 2025	64.7
Other commitments, 2026	11.7
Other commitments, 2027	2.6
Other commitments, thereafter	0.2
Other commitments, total	793.2
Interest Payments on Corporate Debt
Contractual Obligations [Line Items]
Other commitments, 2023	118
Other commitments, 2024	117
Other commitments, 2025	115.8
Other commitments, 2026	62.3
Other commitments, 2027	55
Other commitments, thereafter	123.7
Other commitments, total	591.8
Other Contractual Obligations
Contractual Obligations [Line Items]
Other commitments, 2023	147.5
Other commitments, 2024	58.9
Other commitments, 2025	38.1
Other commitments, 2026	26
Other commitments, 2027	25.3
Other commitments, thereafter	92.1
Other commitments, total	$ 387.9

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative [Line Items]
Remaining maturity of forward foreign exchange contracts, maximum	30 months
Foreign currency cash flow hedge gain estimated to be reclassified into earnings during next 12 months	$ 1.8
Interest rate swap cash flow hedge loss estimated to be reclassified into earnings during next 12 months	20.6
Interest Rate Swap
Derivative [Line Items]
Gross amount of swaps in an asset position subject to master netting arrangement	169.6	$ 211.2
Gross amount of swaps in an liability position subject to master netting arrangement	147.3	236.3
Net asset of swaps subject to master netting arrangement	32	50.8
Net liability of swaps subject to master netting arrangement	$ 9.8	$ 75.9

Financial Instruments (Forward

Financial Instruments (Forward Foreign Exchange Contracts) (Details) - Foreign Exchange Contracts € in Millions, лв in Millions, £ in Millions, zł in Millions, Ft in Millions, $ in Millions, $ in Millions, $ in Millions	Mar. 31, 2022GBP (£)	Mar. 31, 2022USD ($)	Mar. 31, 2022HUF (Ft)	Mar. 31, 2022EUR (€)	Mar. 31, 2022CAD ($)	Mar. 31, 2022PLN (zł)	Mar. 31, 2022BGN (лв)	Mar. 31, 2022MXN ($)
British Pound Sterling
Derivative [Line Items]
Notional amount	£ 1.9	$ 2.5
Weighted average exchange rate per $1 USD	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.75
Hungary, Forint
Derivative [Line Items]
Notional amount		$ 13.5	Ft 4,089.2
Weighted average exchange rate per $1 USD	303.41	303.41	303.41	303.41	303.41	303.41	303.41	303.41
Euro
Derivative [Line Items]
Notional amount		$ 17.5		€ 18
Weighted average exchange rate per $1 USD	1.03	1.03	1.03	1.03	1.03	1.03	1.03	1.03
Canadian Dollar
Derivative [Line Items]
Notional amount		$ 6.2			$ 7.6
Weighted average exchange rate per $1 USD	1.24	1.24	1.24	1.24	1.24	1.24	1.24	1.24
Poland, Zlotych
Derivative [Line Items]
Notional amount		$ 2.5				zł 10.4
Weighted average exchange rate per $1 USD	4.15	4.15	4.15	4.15	4.15	4.15	4.15	4.15
Bulgaria, Leva
Derivative [Line Items]
Notional amount		$ 3.2					лв 5.5
Weighted average exchange rate per $1 USD	1.69	1.69	1.69	1.69	1.69	1.69	1.69	1.69
Mexico, Pesos
Derivative [Line Items]
Notional amount		$ 10.6						$ 217.3
Weighted average exchange rate per $1 USD	20.47	20.47	20.47	20.47	20.47	20.47	20.47	20.47

Financial Instruments (Interest

Financial Instruments (Interest Rate Swaps) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2020	Mar. 31, 2019
Derivative [Line Items]
Unrealized losses in AOCI at time of de-designation	$ (2,794.6)	$ (2,683.4)	$ (2,660)	$ (2,921.9)
Interest Rate Swap
Derivative [Line Items]
Notional amount, de-designated	1,400
Interest Rate Swap | Accumulated Gain (Loss), Net, Cash Flow Hedge Discontinued, Including Noncontrolling Interest
Derivative [Line Items]
Unrealized losses in AOCI at time of de-designation	163
Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		1,700
Not Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		1,400
Notional amount entered into during period	$ 1,400
Interest Rate Swap, Fixed Rate Paid 2.915%, Effective Date May 23, 2018 | Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		$ 300
Fixed interest rate		2.915%
Interest Rate Swap, Fixed Rate Paid 2.915%, Effective Date May 23, 2018 | Not Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		$ 700
Fixed interest rate		2.915%
Interest Rate Swap, Fixed Rate Paid 1.923%, Effective Date May 19, 2020 | Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		$ 700
Fixed interest rate		1.923%
Interest Rate Swap, Fixed Rate Paid 2.531%, Effective Date May 19, 2020 | Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		$ 350
Fixed interest rate		2.531%
Interest Rate Swap, Fixed Rate Paid 2.343%, Effective Date June 15, 2020 | Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		$ 150
Fixed interest rate		2.343%
Interest Rate Swap, Fixed Rate Paid 1.840%, Effective Date August 14, 2020 | Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		$ 200
Fixed interest rate		1.84%
Interest Rate Swap, Fixed Rate Paid 2.723%, Effective Date June 25, 2018 | Not Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		$ 200
Fixed interest rate		2.723%
Interest Rate Swap, Fixed Rate Paid 2.885%, Effective Date July 31, 2018 | Not Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		$ 300
Fixed interest rate		2.885%
Interest Rate Swap, Fixed Rate Paid 2.744%, Effective Date December 24, 2018 | Not Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		$ 50
Fixed interest rate		2.744%
Interest Rate Swap, Fixed Rate Paid 2.808%, Effective Date December 24, 2018 | Not Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		$ 100
Fixed interest rate		2.808%
Interest Rate Swap, Fixed Rate Paid 2.728%, Effective Date December 24, 2018 | Not Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		$ 50
Fixed interest rate		2.728%
Interest Rate Swap, Fixed Rate Received 2.915%, Effective Date May 19, 2020 | Not Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		$ 700
Fixed interest rate		2.915%
Interest Rate Swap, Fixed Rate Received 2.723%, Effective Date August 14, 2020 | Not Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		$ 200
Fixed interest rate		2.723%
Interest Rate Swap, Fixed Rate Received 2.885%, Effective Date May 19, 2020 | Not Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		$ 300
Fixed interest rate		2.885%
Interest Rate Swap, Fixed Rate Received 2.744%, Effective Date May 19, 2020 | Not Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		$ 50
Fixed interest rate		2.744%
Interest Rate Swap, Fixed Rate Received 2.808%, Effective Date June 15, 2020 | Not Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		$ 100
Fixed interest rate		2.808%
Interest Rate Swap, Fixed Rate Received 2.728%, Effective Date June 15, 2020 | Not Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Notional amount		$ 50
Fixed interest rate		2.728%

Financial Instruments (Derivati

Financial Instruments (Derivatives Effect on Statement of Operations and Comprehensive Income) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Total direct operating expense on consolidated statements of operations	$ 2,064.2	$ 1,725.9	$ 2,226.1
Total interest expense on consolidated statements of operations			191.3
Foreign Exchange Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in accumulated other comprehensive income (loss)	1.7	(1)	0.8
Gain (loss) reclassified from accumulated other comprehensive income (loss)	(0.2)	0.2	1.6
Gain (loss) recognized in direct operating expense	0	0.3	(0.4)
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in accumulated other comprehensive income (loss)	66.5	72	(138.6)
Gain (loss) reclassified from accumulated other comprehensive income (loss)	(15)	(20)	(14.3)
Loss reclassified from accumulated other comprehensive income (loss) into interest expense	$ (33.8)	$ (28.3)	$ 0

Financial Instruments (Deriva_2

Financial Instruments (Derivatives by Balance Sheet Location) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Derivatives, Fair Value [Line Items]
Derivative Asset	$ 32	$ 50.8
Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset	3.5	1.5
Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset	32	50.8
Accounts Payable and Accrued Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	2.8	2.6
Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	17.4	132.7
Interest Rate Swap, Financing | Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Financing element of certain hybrid instruments	88.1	98.2
Designated as Hedging Instrument | Foreign Exchange Contracts | Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset	3.5	1.5
Designated as Hedging Instrument | Foreign Exchange Contracts | Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset	0	0
Designated as Hedging Instrument | Foreign Exchange Contracts | Accounts Payable and Accrued Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	2.8	2.6
Designated as Hedging Instrument | Foreign Exchange Contracts | Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	0	0
Designated as Hedging Instrument | Interest Rate Swap | Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset	0	0
Designated as Hedging Instrument | Interest Rate Swap | Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset	109.1	72.7
Designated as Hedging Instrument | Interest Rate Swap | Accounts Payable and Accrued Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	0	0
Designated as Hedging Instrument | Interest Rate Swap | Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	(39.4)	5.6
Not Designated as Hedging Instrument | Interest Rate Swap | Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset	0	0
Not Designated as Hedging Instrument | Interest Rate Swap | Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset	(77.1)	(21.9)
Not Designated as Hedging Instrument | Interest Rate Swap | Accounts Payable and Accrued Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	0	0
Not Designated as Hedging Instrument | Interest Rate Swap | Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	56.8	127.1
Not Designated as Hedging Instrument | Interest Rate Swap, Financing | Other Non-Current Assets
Derivatives, Fair Value [Line Items]
Financing element of certain hybrid instruments	88.1	98.2
Not Designated as Hedging Instrument | Interest Rate Swap, Financing | Other Non-Current Liabilities
Derivatives, Fair Value [Line Items]
Financing element of certain hybrid instruments	$ 46	$ 54.3

Additional Financial Informat_3

Additional Financial Information (Cash, Cash Equivalents and Restricted Cash) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019
Additional Financial Information [Abstract]
Cash and cash equivalents	$ 371.2	$ 528.7
Restricted cash	13.4	0
Total cash, cash equivalents and restricted cash	$ 384.6	$ 528.7	$ 318.2	$ 184.3

Additional Financial Informat_4

Additional Financial Information (Accounts Receivable Monetization) (Details) - Trade Accounts Receivable - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Dec. 31, 2019	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Individual Monetization Agreements
Transfer of Financial Assets Accounted for as Sales [Line Items]
Net cash proceeds received		$ 1,391.2	$ 1,371.3	$ 1,593.9
Carrying value of receivables transferred and derecognized		1,400.2	1,377.2	1,603.2
Loss recorded related to transfers of receivables		9	5.9	9.3
Derecognized accounts receivable for which the Company continues to service, amount outstanding		460.5	562.8
Pooled Monetization Agreements
Transfer of Financial Assets Accounted for as Sales [Line Items]
Gross cash proceeds received for receivables transferred and derecognized		155.5	173.1	192.6
Less amounts from collections reinvested under revolving agreement		(102.7)	(138.7)	(84.5)
Proceeds from new transfers		52.8	34.4	108.1
Collections not reinvested and remitted or to be remitted		(46.8)	(27.9)	(15.6)
Net cash proceeds received		6	6.5	92.5
Carrying value of receivables transferred and derecognized		154.5	172	191.9
Obligations recorded		2.9	1.9	2.5
Loss recorded related to transfers of receivables		1.9	0.8	$ 1.7
Purchases of receivables previously transferred		25.5
Derecognized accounts receivable for which the Company continues to service, amount outstanding		79.5	$ 99
Revolving agreement, maximum amount of receivables allowed to transfer	$ 150
Accounts receivable pledged as collateral under pooled monetization agreement		$ 72

Additional Financial Informat_5

Additional Financial Information (Other Assets) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Other current assets
Prepaid expenses and other	$ 102.3	$ 68
Cash consideration receivable for sale of Pantaya	0	123.6
Product inventory	14.1	14.3
Tax credits receivable	128.3	68.4
Other current assets	244.7	274.3
Other non-current assets
Prepaid expenses and other	19.8	25.8
Accounts receivable	39	49.4
Tax credits receivable	316.1	181.2
Operating lease right-of-use assets	170.7	127
Interest rate swaps	32	50.8
Other non-current assets	577.6	434.2
Unamortized discount on contract assets	0.5	0.5
Unamortized discount on long-term receivable	$ 1.8	$ 2.4

Additional Financial Informat_6

Additional Financial Information (Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 2,794.6	$ 2,660	$ 2,921.9
Ending balance	2,683.4	2,794.6	2,660
Foreign currency translation adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(15.1)	(18.8)	(18.2)
Other comprehensive income (loss)	(4.6)	3.7	(0.6)
Reclassifications to net loss	0	0	0
Ending balance	(19.7)	(15.1)	(18.8)
Net unrealized gain (loss) on cash flow hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(68.2)	(187.2)	(62.1)
Other comprehensive income (loss)	68.2	70.9	(137.8)
Reclassifications to net loss	49	48.1	12.7
Ending balance	49	(68.2)	(187.2)
Net unrealized gain (loss) on cash flow hedges | Direct Operating Expense
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassifications to net loss	0.2	(0.2)	(1.6)
Net unrealized gain (loss) on cash flow hedges | Interest Expense
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Reclassifications to net loss	48.8	48.3	14.3
Accumulated other comprehensive income (loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(83.3)	(206)	(80.3)
Other comprehensive income (loss)	63.6	74.6	(138.4)
Reclassifications to net loss	49	48.1	12.7
Ending balance	$ 29.3	$ (83.3)	$ (206)

Additional Financial Informat_7

Additional Financial Information (Supplemental Cash Flow Information) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Additional Financial Information [Abstract]
Interest paid	$ 135	$ 149.7	$ 173.8
Income taxes paid (refunded), net	16.9	(54)	(5.3)
Non-cash investing activities
Accrued equity method investment	19	0	0
Consideration receivable for Pantaya sale	0	123.6	0
Decrease in finance lease right-of-use asset due to a reassessment event		(42)
Non-cash financing activities
Decrease in finance lease liability due to a reassessment event		(48.6)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	57	48.8	37.1
Operating cash flows for finance leases	0	1.6	3.4
Financing cash flows for finance leases	0	2.6	3
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	67.8	25	8.3
Increase in right-of-use assets and lease liability due to a reassessment event:
Operating leases - increase in right-of-use assets	27.5	6	0
Operating leases - increase in lease liability	$ 27.5	$ 12.6	$ 0

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020	May 20, 2022
Chairman of the Board of Directors
Related Party Transaction [Line Items]
Related party expenses incurred	$ 0	$ 0
Director
Related Party Transaction [Line Items]
Related party expenses incurred			$ 0.1
Former Director
Related Party Transaction [Line Items]
Related party expenses incurred			1.6
Class A Voting Common Shares | Subsequent Event | Chairman of the Board of Directors
Related Party Transaction [Line Items]
Percentage of common stock outstanding held by MHR Fund Management				23.00%
Class B Non-Voting Common Shares | Subsequent Event | Chairman of the Board of Directors
Related Party Transaction [Line Items]
Percentage of common stock outstanding held by MHR Fund Management				11.00%
Maximum | Chairman of the Board of Directors
Related Party Transaction [Line Items]
Related party expenses incurred			$ 0.1
Maximum | Director
Related Party Transaction [Line Items]
Related party expenses incurred	$ 0	$ 0.1

Related Party Transactions (Tra

Related Party Transactions (Transactions with Equity Method Investees) (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Consolidated Balance Sheets
Investment in films and television programs	$ 1.6	$ 0
Other liabilities	38.3	0
Equity Method Investees
Consolidated Balance Sheets
Accounts receivable	13.1	9.4
Other assets, noncurrent	44.2	2.4
Total due from related parties	58.9	11.8
Accounts payable and accrued liabilities	22.2	15.4
Participations and residuals, current	5.9	7.6
Participations and residuals, noncurrent	1.1	1.2
Total due to related parties	67.5	24.2
Consolidated Statements of Operations
Revenues	4.1	7.2	$ 4.6
Direct operating expense	6.5	10.8	13.8
Distribution and marketing expense	0.2	0.2	0
General and administrative expense	0	0	(1.1)
Interest and other income	3.1	2.9	1.7
Notes receivable, related parties	3	2.9	12.5
Other Non-Current Assets | Equity Method Investees
Consolidated Balance Sheets
Other assets, noncurrent	$ 0	$ 0	$ 3.3

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended
	Apr. 30, 2022	Apr. 01, 2022	Mar. 31, 2022
IGR Facility | Secured Debt
Subsequent Event [Line Items]
Credit facility, outstanding amount			$ 0
Subsequent Event | IGR Facility | Secured Debt
Subsequent Event [Line Items]
Credit facility, outstanding amount		$ 125
Subsequent Event | 2023 Term Loan A | Term Loan
Subsequent Event [Line Items]
Principal amount of debt prepaid	$ 193.6

Valuation and Qualifying Acco_2

Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020
Returns and Allowances
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 26.1	$ 33.7	$ 35
Charged to Costs and Expenses	44.4	53.3	81.2
Charged to Other Accounts	0	0	0
Deductions	(51.2)	(60.9)	(82.5)
Balance at End of Period	19.3	26.1	33.7
Provision for Doubtful Accounts
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	6.5	9.3	5.4
Charged to Costs and Expenses	5.3	(2.5)	5.7
Charged to Other Accounts	0	0	0
Deductions	(0.3)	(0.3)	(1.8)
Balance at End of Period	11.5	6.5	9.3
Deferred Tax Valuation Allowance
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	350.9	435.8	401.1
Charged to Costs and Expenses	40.4	(56.3)	4.5
Charged to Other Accounts	(28.5)	(28.6)	30.2
Deductions	0	0	0
Balance at End of Period	$ 362.8	$ 350.9	$ 435.8

Uncategorized Items - lgfa-2022

Label	Element	Value
Television Production [Member]
Goodwill	us-gaap_Goodwill	$ 401,900,000
Media Networks [Member]
Goodwill	us-gaap_Goodwill	1,968,900,000
Motion Picture [Member]
Goodwill	us-gaap_Goodwill	$ 393,700,000